Annual report pursuant to Section 13 and 15(d)

NOTE 3. FIXED ASSETS

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NOTE 3. FIXED ASSETS
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
NOTE 3. FIXED ASSETS

Fixed asset values recorded at cost are as follows:

 

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

 

Depreciation expense in 2011 and 2012 was $911 and $606 respectively.