AccelPath, Inc. | 2012 | FY | 3


Property and equipment are depreciated over the estimated useful lives of assets as follows:

 

 

Software

 

5 years

 

Computer equipment

 

3 years

 

Furniture and fixtures

 

5 years

 

Laboratory equipment

 

5 years


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Property and equipment consisted of the following at June 30, 2012 and 2011:

 

 

 

 

2012

 

 

2011

 

 

 

Software

 

$

61,250

 

 

$

13,650

 

 

 

Computer equipment

 

 

3,466

 

 

 

3,466

 

 

 

Furniture and fixtures

 

 

239

 

 

 

239

 

 

 

Laboratory equipment

 

 

6,193

 

 

 

6,193

 

 

 

 

 

 

71,148

 

 

 

23,548

 

 

 

Less accumulated depreciation

 

 

(5,673

)

 

 

(1,249

)

 

 

 

 

$

65,475

 

 

$

22,299

 


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