Quarterly report pursuant to Section 13 or 15(d)

Equipment, Net

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Equipment, Net
9 Months Ended
Sep. 30, 2011
Equipment, Net  
Equipment, Net
7. 
Equipment, Net

   
September 30,
2011
   
December 31,
2010
 
             
Furniture and fixtures
  $ 32,646     $ 32,169  
Office equipment
    80,120       77,032  
Lab and computer equipment
    430,261       429,415  
Leasehold improvements
    110,713       110,713  
                 
Total fixed assets
    653,740       649,329  
Less: Accumulated depreciation
    (560,668 )     (525,764 )
                 
Net carrying amount
  $ 93,072     $ 123,565  
 
Depreciation expense was $10,127 and $11,663 for the three months ended September 30, 2011 and 2010, respectively, and $34,904, and $34,843 for the nine months ended September 30, 2011 and 2010, respectively.