Quarterly report pursuant to Section 13 or 15(d)

NOTE 3. FIXED ASSETS

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NOTE 3. FIXED ASSETS
 6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
NOTE 3. FIXED ASSETS

 

Fixed asset values recorded at cost are as follows:                                                                                     

    December 31,   June 30,
    2011   2012   2013
                      (Unaudited)  
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 )     (42,064 )
                         
Total   $ 1,132     $ 1,496     $ 1,619  

 

Depreciation expense for the six months ended June 30, 2013 and June 30, 2012 was $388 and $152 respectively.