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5. INTANGIBLE ASSETS AND ASSET ACQUISITION (Tables)
3 Months Ended
Mar. 31, 2015
Intangible Assets And Asset Acquisition Tables  
Definite life intangible assets

   

March 31,

2015 (Unaudited)

   

December 31,

2014

 
             
Intellectual property and patents   $ 2,848,300     $ 2,848,300  
Less:  Accumulated Amortization      723,621        631,244  
Intangible Assets, net   $ 2,124,679     $ 2,217,056  
Indefinite life intangible assets

   

March 31,

2015 (Unaudited)

   

December 31,

2014

 
Trademarks   $ 440,000     $ 440,000  
                 

 

   

March 31,

2015 (Unaudited)

   

December 31,

2014

 
Total Intangible Assets   $ 2,564,679     $ 2,657,056  
Approximate amortization over the next five years
Year Ending December 31,   Amount  
2015   $ 274,000  
2016     370,000  
2017     370,000  
2018     370,000  
2019     370,000  
Thereafter     370,000  
    $ 2,124,000