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SUMMARY OF ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 31, 2012

	December 31, 2012 (unaudited)		September 30, 2012
Computer equipment	$	33,464	$	33,464
Lab equipment		296,904		296,904
Furniture		132,435		132,435
Total		462,803		462,803
Accumulated depreciation		272,953		251,958
Property and equipment, net	$	189,850	$	210,845

- 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