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Property and Equipment

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

NOTE 4. PROPERTY AND EQUIPMENT

	9/30/2013			12/31/2012
Computer equipment	$	521,762		$	89,109
Laboratory and scientific equipment		744,790			323,151
Furniture and fixtures		36,988			36,988
Leasehold improvements		267,838			39,741
Total property and equipment		1,571,378			488,989

Accumulated depreciation		(532,339	)		(341,178	)

Net property and equipment	$	1,039,039		$	147,811

Depreciation expense for the for the three month periods ended September 30, 2013 and 2012 was $84,208 and $551, respectively, and for the nine-month periods ended September 30, 2013 and 2012 was $191,161 and $1,581, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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