Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.0.8
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2014
Intangible Assets Tables  
Schedule of intangible assets

Intangible assets were comprised of the following:

  

    March 31, 2014  
   

Gross carrying

amount

   

Accumulated

amortization

   

Net carrying

value

 
                   
Customer list   $ 42,500     $ (34,500 )   $ 8,000  
Technology     731,700       (383,700 )     348,000  
Trade name     54,600       (46,500 )     8,100  
    $ 828,800     $ (464,700 )   $ 364,100  

 

    December 31, 2013  
   

Gross carrying

amount

   

Accumulated

amortization

   

Net carrying

value

 
                   
Customer list   $ 42,500     $ (33,900 )   $ 8,600  
Technology     725,700       (365,800 )     359,900  
Trade name     54,600       (43,600 )     11,000  
    $ 822,800     $ (443,300 )   $ 379,500  
Schedule of expected amortization expense

The estimated aggregate amortization expense for each of the next five years is as follows:

  

Remaining 2014   $ 63,800  
2015     77,000  
2016     71,200  
2017     71,200  
2018     35,500  
Thereafter     45,400  
    $ 364,100