Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v2.4.0.6
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2011
PROPERTY AND EQUIPMENT [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 4 - PROPERTY AND EQUIPMENT
 
 Property and equipment consists of the following:   December 31,  
    2011        2010  
 Laboratory equipment   $ 816,000     $ 788,000  
 Laboratory and building improvements     6,000       58,000  
 Furniture and equipment     62,000       56,000  
      885,000       902,000  
 Less accumulated depreciation and amortization     834,000       870,000  
 Property and equipment, net   $ 51,000     $ 32,000  
 
Depreciation and amortization on property and equipment was $21,000 and $25,000 for the years ended December 31, 2011 and 2010, respectively.