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

Annual report pursuant to Section 13 and 15(d)

3. Property and Equipment, net

3. Property and Equipment, net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

3)	Property and Equipment, net

Property and equipment as of December 31, 2012 and 2011 consisted of the following components:

	December 31,
	2012			2011
Laboratory and manufacturing equipment	$	172,560		$	172,560
Office equipment		137,093			137,093
Leasehold improvements		8,117			8,117
PCT collaboration, demonstration and leased systems		461,858			461,858
Total property and equipment		779,628			779,628
Less accumulated depreciation		(749,346	)		(690,457	)
Net book value	$	30,282		$	89,171

Depreciation expense for the years ended December 31, 2012 and 2011 was $58,889 and $92,683, respectively.

- 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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