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4 Intangible Assets (Q2)
 15 Months Ended 18 Months Ended
Mar. 31, 2014
Jun. 30, 2014
Quarter 2 [Member]
4 Intangible Assets

Note 4 Intangible Assets

 

Prior to 2012, the Company capitalized $36,950 in patent costs related to the lighting technology (see Note 1).

 

Intangible assets -patents consisted of the following at December 31, 2013 and 2012:

 

   2013  2012
Patents  $36,950   $36,950 
Less: Impairment Charges   —      —   
Less: Accumulated Amortization   (12,253)   (9,796)
Patents - net  $24,697   $27,154 

 

At December 31, 2013, future amortization of intangible assets is as follows:

 

Year Ending December 31
 2014   $2,457 
 2015    2,457 
 2016    2,457 
 2017    2,457 
 2018    2,457 
 2019 and Thereafter    12,411 
     $24,697 

 

Actual amortization expense in future periods could differ from these estimates as a result of future acquisitions, divestitures, impairments and other factors.

Note 4 Intangible Assets

 

Intangible assets -patents consisted of the following at June 30, 2014 and December 31, 2013:

 

   2014  2013
           
Patents  $45,650   $36,950 
Less: Impairment Charges   —      —   
Less: Accumulated Amortization   (13,666)   (12,253)
Patents - net  $31,984   $24,697 

 

At June 30, 2014, future amortization of intangible assets is as follows:

 

Year Ending December 31   
 2014 (6 months)   $1,528 
 2015    3,037 
 2016    3,039 
 2017    3,037 
 2018    3,037 
 2019 and Thereafter    18,305 
     $31,984 

 

Actual amortization expense in future periods could differ from these estimates as a result of future acquisitions, divestitures, impairments and other factors.