Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets, Net

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Intangible Assets, Net
 3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

NOTE 5 – INTANGIBLE ASSETS, net

 

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

 

    March 31, 2014     December 31, 2013  
Patents   $ 594,412     $ 593,120  
Less accumulated amortization     (174,140 )     (168,363 )
Total intangible assets, net   $ 420,272     $ 424,757  

 

Patents are amortized straight-line over a period of fifteen years. Amortization expense was $5,777, $7,706, and $174,140, for the three-month periods ended March 31, 2014 and 2013, and for the period from inception to March 31, 2014, respectively.