Major additions and betterments are capitalized and repairs and maintenance are charged to operations in the period incurred.
July 31, 2012 | July 31, 2011 | |||||||
Furniture and fixture | $ | 27,635 | $ | 27,635 | ||||
Machinery and equipment | 25,229 | 24,157 | ||||||
Software | 359,417 | 359,417 | ||||||
Leasehold Improvements | 5,985 | 5,985 | ||||||
418,266 | 417,194 | |||||||
Accumulated depreciation | (397,953 | ) | (391,553 | ) | ||||
Property and equipment, net | $ | 20,313 | $ | 25,641 |