Property And Equipment, Net

12 Months Ended

Dec. 31, 2010

Note 5 — Property and Equipment, Net

Property and equipment as of December 31, 2010 and 2009 was as follows:

		December 31,
	Life	2010		2009
Manufacturing equipment	3-5 years	$	2,029,000	$	2,115,000
Research equipment	5 years		91,000		91,000
Computer equipment	3-4 years		60,000		62,000
Furniture and fixtures	7 years		39,000		39,000
Property and equipment, gross			2,219,000		2,307,000
Less: accumulated depreciation			2,111,000		2,097,000
Property and equipment, net		$	108,000	$	210,000

The Company contracts with a contract manufacturer ("CM") to manufacture the Company's ESRD therapy products. The Company owns certain manufacturing equipment located at CM's manufacturing plant.

Depreciation expense for the years ended December 31, 2010 and 2009 was approximately $129,000 and $231,000, respectively, including amortization expense relating to research and development assets.

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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