Property and Equipment

3 Months Ended

Mar. 31, 2012

4. Property and Equipment

Property and equipment at March 31, 2012 consists of the following:

Lab and computer equipment	$	3,704
Office equipment		1,119
Transportation equipment		61
Furniture and fixtures		74
Fixed assets in progress		464
Leasehold improvements		683
Total		6,105
Less accumulated depreciation		3,086
Property and equipment, net	$	3,019

- 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.

+ References+ Details

ORBIT FR INC 10-Q