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Property and Equipment
3 Months Ended
Jul. 31, 2012
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

Note 3. Property and Equipment

 

Property and equipment is recorded at cost and consists of laboratory equipment, furniture and fixtures, and computer hardware and software. Depreciation is calculated on a straight-line basis over the estimated useful lives of the various assets ranging from three to seven years. Property and equipment consisted of the following (in thousands):

  

    July 31,     April 30,  
    2012     2012  
    (unaudited)        
Furniture and fixtures   $ 58     $ 58  
Computer equipment and software     522       287  
Laboratory equipment     167       167  
Leasehold improvements     2       2  
Software in-progress     -       216  
                 
Total property and equipment     749       730  
Less: Accumulated depreciation     (224 )     (170 )
                 
Property and equipment, net   $ 525     $ 560  

 

Depreciation expense was $54,000 and $29,000 for the three months ended July 31, 2012 and 2011, respectively.