Quarterly report pursuant to Section 13 or 15(d)

DEFINITE-LIFE INTANGIBLE ASSETS

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DEFINITE-LIFE INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2011
DEFINITE-LIFE INTANGIBLE ASSETS  
DEFINITE-LIFE INTANGIBLE ASSETS

NOTE 4 - DEFINITE-LIFE INTANGIBLE ASSETS

 

Definite-life intangible assets at September 30, 2011 and December 31, 2010 consist of the following:

 

 

 

September 30, 2011

 

December 31, 2010

 

 

(Unaudited)

 

 

Patent applications pending

$

14,500

$

14,500

Less:  Accumulated amortization

 

(7,057)

 

(6,332)

 

 

 

 

 

 

$

7,443

$

8,168

 

The Company’s definite-life intangible assets are amortized, upon being placed in service, over the 15 year estimated useful lives of the assets, with no residual value. Amortization expense was $725 for each of the nine months ended September 30, 2011 and 2010.