PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2011

Property and equipment consist of the following:

	December 31,
	2011			2010

Land	$	820,000		$	820,000
Building and improvements		11,469,304			11,163,569
Office and lab equipment		15,597,065			14,630,062
Furniture and fixtures		340,615			339,599
Construction-in-progress		1,392,283			93,525

	$	29,619,267		$	27,046,755
Less: Accumulated depreciation		(18,735,328	)		(17,335,662	)

Property and equipment, net	$	10,883,939		$	9,711,093

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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