Annual report pursuant to section 13 and 15(d)

Intangible Assets Net

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Intangible Assets Net
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Net

NOTE 5 – INTANGIBLE ASSETS, net

 

Intangible assets, net, consists of the following as of December 31:

 

    2013     2012  
Patents   $ 593,120     $ 572,764  
Less accumulated amortization     (168,363 )     (137,754 )
Total intangible assets, net   $ 424,757     $ 435,010  

 

Patents are amortized straight-line over a period of fifteen years. Amortization expense was $30,609, $30,610, and $168,363, for the years ended December 31, 2013 and 2012, and for the period from inception March 23, 2006 to December 31, 2013, respectively.