Quarterly report pursuant to Section 13 or 15(d)

NOTE 3. FIXED ASSETS

v2.4.0.6
NOTE 3. FIXED ASSETS
 9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 3. FIXED ASSETS

Fixed asset values recorded at cost are as follows:                                                                                     

 

     December 31,     (Unaudited) September 30,  
    2010     2011     2012  
                   
Automobile   $ 33,383     $ 33,383     $ -  
Office and Lab Equipment     31,896       31,896       31,616  
Furniture and fixtures     11,596       11,596       11,556  
      76,875       76,875       43,172  
Less accumulated depreciation     (74,832 )     (75,743 )     (41,525 )
Total   $ 2,043     $ 1,132     $ 1,647  

 

Depreciation expense for the nine months ended September 30, 2012 and September 30, 2011 was $152 and $770 respectively.