XML 34 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 5 - Definite-Life Intangible Assets
 9 Months Ended
Sep. 30, 2013
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]

NOTE 5 – DEFINITE-LIFE INTANGIBLE ASSETS


At September 30, 2013 and December 31, 2012, definite-life intangible assets, net of accumulated amortization, consisted of patents on the Company’s products of $25,631 and $29,150, respectively. The patents are recorded at cost and amortized over two to ten years. Amortization expense for the nine months ended September 30, 2013 and 2012 was $3,519 and $4,183, respectively.


Expected future amortization expenses for the following years are as follows:


Year ending December 31,

 

Amortization

Expenses

 

2013

  $ 1,419  

2014

    5,676  

2015

    5,676  

2016

    5,676  

2017

    3,446  

Thereafter

    3,738  

Total Amortization Expenses

  $ 25,631