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5. INTANGIBLE ASSETS AND ASSET ACQUISITION (Tables)
6 Months Ended
Jun. 30, 2015
Intangible Assets And Asset Acquisition Tables  
Definite life intangible assets
   

June 30,

2015

(Unaudited)

   

December 31,

2014

 
             
Intellectual property and patents   $ 2,848,300     $ 2,848,300  

 

Less:  Accumulated Amortization

     815,998        631,244  
Intangible Assets, net   $ 2,032,302     $ 2,217,056  
Indefinite life intangible assets

Indefinite life intangible assets consist of the following:

 

   

June 30,

2015

(Unaudited)

   

December

31,

2014

 
Trademarks   $ 440,000     $ 440,000  
                 

 

   

June 30,

2015

(Unaudited)

   

December

31,

2014

 
Total Intangible Assets   $ 2,472,302     $ 2,657,056  
                 
Approximate amortization over the next five years
Twelve Month Period Ending June 30, Amount
   
2016 $370,000
2017 370,000
2018 370,000
2019 370,000
2020 370,000
Thereafter 182,000
  $2,032,000