Annual report pursuant to Section 13 and 15(d)

Property And Equipment, Net

Property And Equipment, Net

12 Months Ended

Dec. 31, 2011

Property And Equipment, Net [Abstract]

4. Property and Equipment, net

Property and equipment, net consists of the following as of December 31, 2011 and 2010:


	2011			2010
Furniture and fixtures	$	20,742		$	20,742
Laboratory equipment		757,882			758,766
Leasehold improvements		476,777			476,777
Office and computer equipment		271,245			271,245

		1,526,646			1,527,530
Accumulated depreciation and amortization		(1,377,960	)		(1,299,328	)

Property and equipment, net	$	148,686		$	228,202

Depreciation and amortization expense for the years ending December 31, 2011 and 2010 was $79,516 and $42,735, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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