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EXCEL - IDEA: XBRL DOCUMENT - AMERICAN CRYOSTEM CorpFinancial_Report.xls
10-K - FORM 10-K - AMERICAN CRYOSTEM Corpacryo_10k12.htm
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v2.4.0.6
NOTE 4. Property and Equipment
12 Months Ended
Sep. 30, 2012
Property, Plant and Equipment Disclosure [Text Block]

Note 4. Fixed Assets


The fixed assets accounts of the Company are comprised as follows.


    30-Sep-12     30-Sep-11  
             
Office equipment   $ 26,638     $ 16,106  
Lab furniture     642       642  
Lab equipment     246,407       219,414  
Lab software     123,000       110,000  
Accumulated depreciation     (78,100 )     (12,484 )
                 
Fixed assets- net   $ 318,587     $ 333,678  

Lab equipment includes the leasing of equipment valued at $71,050. Depreciation expense on this leased asset for the year ended September 30, 2012 was $12,571 for fiscal year 2012 and $5,040 for fiscal year 2011.


The assets of the former company, R&A, were deemed by management to be impaired and the Company recognized an impairment expense of $65,359 in its statement of operations for the fiscal year ended September 30, 2011.