Property and Equipment

9 Months Ended

Apr. 30, 2012

Property, Plant and Equipment [Abstract]

NOTE 4 - Property and Equipment

Property and equipment, at cost, consists of the following:

	January 31, 2013			July 31, 2012
Laboratory equipment	$	276,202		$	276,202
Office equipment		125,869			125,869
Less accumulated depreciation		(391,492	)		(387,867	)
Property and equipment, net	$	10,579		$	14,204

Depreciation was $1,812 and $3,624 for the three months ended January 31, 2013 and 2012, and $2,417 and $4,918 for the six months ended January 31, 2013 and 2012, respectively.

- 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

Tamir Biotechnology, Inc. 10-Q