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OTHER ASSETS
 9 Months Ended
Sep. 30, 2013
Other Assets:  
OTHER ASSETS

NOTE 6 – OTHER ASSETS

 

Prepaid expense consists of the following:

    September 30,
2013		     December 31,
2012		  
Prepaid consulting expense   $ 952,870     $ 953,655  
Prepaid manufacturing costs     899,000       —  
Prepaid accredited costs     18,133       —  
TOTAL PREPAID EXPENSE   $ 1,870,003     $ 953,655  

 

Intangible assets consist of the following:

    September 30,
2013		     December 31,
2012		  
Patent costs   $ 482,603     $ 224,971  
Website costs, net of amortization of  $86,923 and $77,159, respectively     5,671       14,584  
TOTAL INTANGIBLE ASSETS   $ 488,274     $ 239,555  

 

Amortization expense for the nine months ended September 30, 2013 and 2012 was $9,764 and $22,711, respectively.