Axogen, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2011

5.	Property and Equipment

Property and equipment consist of the following:


	December 31, 2011			December 31, 2010
Furniture and equipment	$	535,183		$	514,573
Leasehold improvements		42,564			42,564
Processing equipment		988,716			988,716
Less: accumulated depreciation		(1,318,639	)		(1,045,111	)

Property and equipment	$	247,824		$	500,742

- 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.

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