Quarterly report pursuant to Section 13 or 15(d)

Property, Plant, and Equipment

v2.4.0.6
Property, Plant, and Equipment
9 Months Ended
Jan. 31, 2012
Property, Plant, and Equipment  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 - FIXED ASSETS

Fixed assets consisted of the following:

 

 

 

 

 

January 31, 2012

 

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

(189,788)

 

(165,935)

 

$          30,587

 

  $             54,440

Depreciation expense for the nine months ended January 31, 2012 and April 30, 2011 was $23,853 and $88,800, respectively.