XML 69 R14.htm IDEA: XBRL DOCUMENT

Property and Equipment

12 Months Ended

Sep. 30, 2012

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:


		September 30,
		2012				2011
Machinery and equipment		$	525,020			$	521,719
Office furniture and equipment			716,625				775,662
Leasehold improvements			55,298				262,258

			1,296,943				1,559,639
Accumulated depreciation			(1,084,080	)			(1,484,171	)

		$	212,863			$	75,468


		Year ended September 30,
		2012				2011
Depreciation expense		$	64,409			$	106,773

During the year ended September 30, 2012, the Company disposed of $464,500 of fully depreciated property and equipment. The Company moved into a new office and manufacturing facility in July 2012 which resulted in the disposal of leasehold improvements and communication equipment in the former facility, which were fully depreciated, totaling $328,195, as well as other furniture and equipment. The Company also acquired $201,804 of new property and equipment during fiscal 2012, including leasehold improvements of $55,298 and upgraded computer equipment of $93,521 in the new facility, and product tooling.

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.

+ References+ Details