Tonix Pharmaceuticals Holding Corp. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

FURNITURE AND EQUIPMENT

FURNITURE AND EQUIPMENT

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – FURNITURE AND EQUIPMENT

Furniture and equipment as of September 30, 2012 and December 31, 2011 is summarized as follows:

	September 30, 2012			December 31, 2011
Office furniture and equipment	$	78,535		$	42,862
Less: accumulated depreciation		(27,504	)		(17,312	)

	$	51,031		$	25,550

Depreciation expense for the three and nine months ended September 30, 2012 was $4,076 and $10,192, respectively; and $2,354 and $6,946 for the three and nine months ended September 30, 2011, 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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