Quarterly report pursuant to Section 13 or 15(d)

DEFINITE-LIFE INTANGIBLE ASSETS

 v2.3.0.11
DEFINITE-LIFE INTANGIBLE ASSETS
 3 Months Ended
Jun. 30, 2011
DEFINITE-LIFE INTANGIBLE ASSETS  
DEFINITE-LIFE INTANGIBLE ASSETS

NOTE 4 - DEFINITE-LIFE INTANGIBLE ASSETS

 

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

 

 

 

 

 

 

 

June 30, 2011

 

December 31, 2010

 

 

(Unaudited)

 

 

Patent applications pending

$

$14,500

$

$14,500

Less:  Accumulated amortization

 

(6,816)

 

(6,332)

 

 

 

 

 

 

$

$7,684

$

$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 $484 and $483 for the six months ended June 30, 2011 and 2010, respectively.