Annual report pursuant to Section 13 and 15(d)

DEFINITE-LIFE INTANGIBLE ASSETS

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DEFINITE-LIFE INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2013
DEFINITE-LIFE INTANGIBLE ASSETS  
DEFINITE-LIFE INTANGIBLE ASSETS

NOTE 5 – DEFINITE-LIFE INTANGIBLE ASSETS

 

Definite-life intangible assets at December 31, 2013 and 2012 consist of the following:

 

 

 

December 31,

2013

 

December 31,

2012

 

 

 

 

 

Patents

$

-

$

14,501

Less: accumulated amortization

 

-

 

8,267

 

$

-

$

6,234

 

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 $6,234 and $967 for the years ended December