Note 5 - Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment Disclosure [Text Block]

5. Property and Equipment

Property and equipment as shown on the accompanying Condensed Consolidated Balance Sheets is composed of the following as of March 31, 2015 and December 31, 2014:

	March 31, 2015			December 31, 2014
Laboratory equipment	$	525,956		$	510,106
Leasehold improvements		115,605			115,605
Other furniture, fixtures & equipment		28,685			28,685
Total property and equipment		670,246			654,396
Accumulated depreciation and amortization		(564,937	)		(557,703	)
Property and equipment, net	$	105,309		$	96,693

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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