v2.4.0.6
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2013
INTANGIBLE ASSETS [Abstract]  
Schedule of intangible assets

At March 31, 2013 and December 31, 2012, the Company had $211,856 and $212,865 in capitalized web development costs and intangible assets, respectively. The following table presents the components and activity for capitalized web development costs and intangible assets at March 31, 2013:

 

    Domain
Name
    Capitalized Patent Cost     Other     Total  
Balance at January 1, 2013   $ 173,750     $ 37,920     $ 1,195     $ 212,865  
Amortization     -       (1,009 )     -       (1,009 )
Balance at March 31, 2013   $ 173,750     $ 36,911     $ 1,195     $ 211,856  
Schedule of estimated amortization expense

The following table presents the estimated aggregate amortization expense of other intangible assets for the next five years:

 

2013   $ 4,219  
2014     4,032  
2015     4,032  
2016     4,032  
2017     4,032  
Total   $ 20,347