Leasehold Improvements and Equipment

6 Months Ended

Jul. 02, 2011

Leasehold Improvements and Equipment [Text Block]

Note 3. Leasehold Improvements and Equipment

Leasehold improvements and equipment consisted of the following:

	July 2, 2011		January 1, 2011

Laboratory equipment	$	2,351,576	$	2,336,954
Leasehold improvements		390,628		372,943
Computer equipment		299,501		248,374
Furniture and fixtures		18,313		18,313
Office equipment		7,877		3,445
Construction in progress		100,057		86,294
		3,167,952		3,066,323
Less accumulated depreciation		1,927,768		1,763,215
	$	1,240,184	$	1,303,108

- 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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