Annual report pursuant to Section 13 and 15(d)

NOTE 6 - FIXED ASSETS

NOTE 6 - FIXED ASSETS

12 Months Ended

Apr. 30, 2012

Property, Plant and Equipment [Abstract]

NOTE 6 - FIXED ASSETS

Fixed assets consisted of the following:


		April 30,
		2012		2011
Computers	$	23,664	$	59,838
Furniture and fixtures		-		13,335
Lab equipment		-		147,202
				220,375
Less: accumulated depreciation		(23,664)		(165,935)
	$	-	$	54,440

Depreciation expense for the years ended April 30, 2012 and 2011 was $24,659 and $40,688, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details