Tonix Pharmaceuticals Holding Corp. Annual report pursuant to section 13 and 15(d)

Annual report pursuant to section 13 and 15(d)

FURNITURE AND EQUIPMENT

FURNITURE AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – FURNITURE AND EQUIPMENT

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

	2012			2011
Office furniture and equipment	$	78,535		$	42,862
Less: accumulated depreciation		(31,641	)		(17,312	)

	$	46,894		$	25,550

Depreciation expense for the years ended December 31, 2012 and 2011 was $14,329 and $9,300, 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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