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10-K - CLEAN ENVIRO TECH CORPskypower10k073112.htm
EX-32 - CLEAN ENVIRO TECH CORPex32.htm
EX-31 - CLEAN ENVIRO TECH CORPex31.htm
EXCEL - IDEA: XBRL DOCUMENT - CLEAN ENVIRO TECH CORPFinancial_Report.xls
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v2.4.0.6
Note 4. Property and Equipment
12 Months Ended
Jul. 31, 2012
Property, Plant and Equipment Disclosure [Text Block]
Note 4. Property and Equipment

Property and equipment at consists of:

   
July 31,
 
   
2012
   
2011
 
             
Equipment
  $ 131,455     $ 131,455  
Leasehold improvements
    -       26,360  
                 
Property and equipment, gross
    131,455       157,815  
Less: Accumulated depreciation
    (107,491 )     (97,367 )
                 
Property and equipment, net
  $ 23,964     $ 60,448  

Depreciation expense for the years ended July 31, 2012 and 2011 was $10,124 and $12,268, respectively.

In January 2009, a private company provided Sky Power with equipment in exchange for Sky Power’s battery prototypes for testing. The equipment was received in the manufacturing facility, and was recorded at appraised value of $103,025.

On May 31, 2012, Li-ion Motors closed their facility and terminated the lease with the Company.  All leasehold improvements were written off to loss on disposal of assets in the amount of $26,360.