Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v2.4.0.6
Property, Plant, and Equipment
6 Months Ended
Oct. 31, 2011
Property, Plant, and Equipment  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 - FIXED ASSETS

Fixed assets consisted of the following:

 

October 31, 2011

 

April 30,2011

Building

 $                 -

 

 $                     -

Computers

59,838

 

59,838

Furniture and fixtures

13,335

 

13,335

Lab equipment

147,202

 

147,202

 

220,375

 

220,375

Less: accumulated depreciation

(182,315)

 

(165,935)

 

  $           38,060

 

  $             54,440

Depreciation expense for the six months ended October 31, 2011 and April 30, 2011 was $16,380 and $88,800, respectively.