Quarterly report pursuant to Section 13 or 15(d)

DEFINITE-LIFE INTANGIBLE ASSETS

DEFINITE-LIFE INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2012

NOTE 3 - DEFINITE-LIFE INTANGIBLE ASSETS


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

		March 31, 2012		December 31, 2011
		(Unaudited)
Patent applications pending	$	14,501	$	14,501
Less: Accumulated amortization		(7,542)		(7,300)

	$	6,959	$	7,201

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 for the three months ended March 31, 2012 and 2011 was $242 and $242, respectively. The Company estimates that amortization expense for existing assets for each of the next five years will be approximately $1,000 per year.

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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