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OTHER ASSETS
6 Months Ended
Jun. 30, 2013
Other Assets:  
OTHER ASSETS

NOTE 6 – OTHER ASSETS

 

Prepaid expense consists of the following:

    June 30,
2013
    December 31,
2012
 
Prepaid manufacturing costs   $ 899,000     $ -0-  
Prepaid consulting expense     1,081,519       953,655  
TOTAL PREPAID EXPENSE   $ 1,980,519     $ 953,655  

 

Intangible assets consist of the following:

    June 30,
2013
    December 31,
2012
 
Patent costs   $ 337,163     $ 224,971  
Website costs, net of amortization of $83,668 and $77,159, respectively     8,075       14,584  
TOTAL INTANGIBLE ASSETS   $ 345,238     $ 239,555  

 

Amortization expense for the six months ended June 30, 2013 and 2012 was $6,509 and $13,972, respectively.