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SUMMARY OF ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2012

	June 30, 2012 (unaudited)		September 30, 2011
Computer equipment	$	33,464	$	33,464
Lab equipment		199,864		146,101
Furniture		132,434		120,405
Total		365,762		299,970
Accumulated depreciation		238,437		210,862
Property and equipment, net	$	127,325	$	89,108

- 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.

+ References+ Details