Property and Equipment

12 Months Ended

Dec. 31, 2011

Note F – Property and Equipment

At December 31, 2011 and 2010, property and equipment consisted of the following:

	2011			2010

Office furniture and equipment	$	458,609		$	497,017
Lab equipment		876,155			872,086
Leasehold improvements		258,786			206,871

		1,593,550			1,575,974
Less accumulated depreciation		(813,717	)		(553,498	)

	$	779,833		$	1,022,476

- 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

Neogenix Oncology Inc 10-K