Quarterly report pursuant to Section 13 or 15(d)

NOTE 3. FIXED ASSETS

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NOTE 3. FIXED ASSETS
 3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
NOTE 3. FIXED ASSETS

Fixed asset values recorded at cost are as follows:                                                                                     

 

            (Unaudited)  
    December 31, 2011     December 31, 2012     March 31, 2013  
                   
Automobile   $ 33,383     $ -     $ -  
Office and Lab Equipment     31,896       31,616       32,127  
Furniture & fixtures     11,596       11,556       11,556  
      76,875       43,172       43,683  
                         
Less accumulated depreciation     (75,743 )     (41,676 )     (41,870 )
Total   $ 1,132     $ 1,496     $ 1,813  

 

Depreciation expense for the three months ended March 31, 2013 and March 31, 2012 was $194 and $152 respectively.