Cryo-Cell International, 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

Nov. 30, 2012

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT.

The major classes of property and equipment are as follows:


	2012			2011
Furniture and equipment	$	4,621,543		$	4,479,200
Leasehold improvements		1,156,110			1,176,570
Computer software - internal use		799,041			799,041

		6,576,694			6,454,811

Less: Accumulated Depreciation		(5,295,619	)		(4,914,572	)


Total Property and Equipment	$	1,281,075		$	1,540,239

Depreciation expense was approximately $393,000 in fiscal 2012 and approximately $540,000 in fiscal 2011 of which approximately $210,000 and $219,000 is included in cost of sales, respectively, in the accompanying consolidated statements of operations.

- 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.

+ References + Details