Achieve Life Sciences, 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

Dec. 31, 2011

6. PROPERTY AND EQUIPMENT

		September 30,		September 30,		September 30,
	Cost		Accumulated Depreciation		Net Book Value
(In thousands)	$		$		$
December 31, 2011
Computer equipment		369		311		58
Furniture and fixtures		154		113		41
Leasehold improvements		55		46		9
Equipment under capital lease		106		34		72

		684		504		180
December 31, 2010
Computer equipment		332		284		48
Furniture and fixtures		113		102		11
Leasehold improvements		54		42		12
Equipment under capital lease		66		50		16

		565		478		87

- 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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