MultiCell Technologies, Inc. | 2013 | FY | 3

Note 3 – Property and Equipment
 
Property and equipment are recorded at cost, less accumulated depreciation, and is comprised of the following at November 30, 2013 and 2012:
           
 
 
2013
 
2012
 
Lab Equipment
 
$
14,717
 
$
14,717
 
Furniture and Office Equipment
 
 
25,844
 
 
25,844
 
 
 
 
 
 
 
 
 
 
 
 
40,561
 
 
40,561
 
Less: Accumulated depreciation
 
 
(40,561)
 
 
(40,561)
 
 
 
 
 
 
 
 
 
Property and Equipment, Net
 
$
-
 
$
-
 
 
At November 30, 2013 and 2012, property and equipment are fully depreciated and the Company recorded no depreciation expense for the fiscal years ended November 30, 2013 and 2012.

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