Annual report pursuant to Section 13 and 15(d)

DEFINITE-LIFE INTANGIBLE ASSETS

v2.4.0.6
DEFINITE-LIFE INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2012
DEFINITE-LIFE INTANGIBLE ASSETS  
DEFINITE-LIFE INTANGIBLE ASSETS

NOTE 5 – DEFINITE-LIFE INTANGIBLE ASSETS

 

Definite-life intangible assets at December 31, 2012 and 2011 consist of the following:

 

 

 

December 31,

2012

 

December 31,

2011

 

 

 

 

 

Patent applications pending

$

14,501

$

14,501

Less: accumulated amortization

 

8,267

 

7,300

 

$

6,234

$

7,201

 

The Company’s definite-life intangible assets are being amortized, upon being placed in service, over 15 years, the estimated useful lives of the assets, with no residual value. Amortization expense was $967 and $967 for the years ended December 31, 2012 and 2011, respectively.