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EXCEL - IDEA: XBRL DOCUMENT - Raptor Pharmaceutical CorpFinancial_Report.xls
10-Q - FORM 10-Q - Raptor Pharmaceutical Corpd270609d10q.htm
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EX-32.1 - CERTIFICATION OF CHRISTOPHER M. STARR, PH.D. AND KIM R. TSUCHIMOTO - Raptor Pharmaceutical Corpd270609dex321.htm
EX-31.2 - CERTIFICATION OF KIM R. TSUCHIMOTO, CHIEF FINANCIAL OFFICER - Raptor Pharmaceutical Corpd270609dex312.htm
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EX-31.1 - CERTIFICATION OF CHRISTOPHER M. STARR, PH.D., CHIEF EXECUTIVE OFFICER - Raptor Pharmaceutical Corpd270609dex311.htm
v2.4.0.6
Fixed Assets
3 Months Ended
Nov. 30, 2011
Fixed Assets [Abstract]  
Fixed Assets

(4) FIXED ASSETS

Fixed assets consisted of:

 

November 30, 2011 November 30, 2011 November 30, 2011
Category    November 30, 2011     August 31, 2011    

Estimated useful lives

Leasehold improvements

   $ 124,763      $ 124,763      Shorter of life of asset or lease term

Office furniture

     3,188        3,188      7 years

Laboratory equipment

     285,346        285,346      5 years

Computer hardware and software

     133,748        131,229      3 years

Capital lease equipment

     13,730        13,730      Shorter of life of asset or lease term
  

 

 

   

 

 

   

Total at cost

     560,775        558,256     

Less: accumulated depreciation

     (489,928     (481,259  
  

 

 

   

 

 

   

Total fixed assets, net

   $ 70,847      $ 76,997     
  

 

 

   

 

 

   

Depreciation expense for the three month periods ended November 30, 2011 and 2010 and the cumulative period from September 8, 2005 (inception) to November 30, 2011 was $8,669, $19,685 and $509,442, respectively. Accumulated depreciation on capital lease equipment was $1,056 and zero as of November 30, 2011 and August 31, 2011, respectively.