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EXCEL - IDEA: XBRL DOCUMENT - Verity Corp.Financial_Report.xls
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v2.4.0.6
NOTE 4 - PROPERTY AND EQUIPMENT
12 Months Ended
Sep. 30, 2012
Property, Plant and Equipment [Abstract]  
NOTE 4 - PROPERTY AND EQUIPMENT

 

 

NOTE 4 - PROPERTY AND EQUIPMENT

  

 

 

    Estimated Useful Lives      September 30, 2012   September 30, 2011
             
Optical equipment     5 years    $      39,386    $          39,386 
Office equipment   3 - 10 years   28,495    8,231 
Computers and peripherals   5 years   16,000    16,000 
Furniture and fixtures   5 years   6,873    6,873 
        90,754    70,490 
Less accumulated depreciation       (67,767)   (62,063)
             
Net property and equipment       $       22,987    $         8,427 

 

 

Depreciation expense for the years ended September 30, 2012and 2011 was $5,704 and $2,800, respectively.