| Schedule of intangible assets |
Intangible assets were comprised of the following:
| |
|
September 30, 2013
|
|
| |
|
Gross carrying amount
|
|
|
Accumulated amortization
|
|
|
Net carrying value
|
|
| |
|
|
|
|
|
|
|
|
|
|
Customer list
|
|
$ |
42,500 |
|
|
$ |
(32,400 |
) |
|
$ |
10,100 |
|
|
Technology
|
|
|
712,100 |
|
|
|
(348,200 |
) |
|
|
363,900 |
|
|
Trade name
|
|
|
54,600 |
|
|
|
(41,600 |
) |
|
|
13,000 |
|
|
Patents Pending
|
|
|
13,500 |
|
|
|
— |
|
|
|
13,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
822,700 |
|
|
$ |
(422,200 |
) |
|
$ |
400,500 |
|
| |
|
December 31, 2012
|
|
| |
|
Gross carrying amount
|
|
|
Accumulated amortization
|
|
|
Net carrying value
|
|
| |
|
|
|
|
|
|
|
|
|
|
Customer list
|
|
$ |
42,500 |
|
|
$ |
(27,800 |
) |
|
$ |
14,700 |
|
|
Technology
|
|
|
712,100 |
|
|
|
(294,700 |
) |
|
|
417,400 |
|
|
Trade name
|
|
|
54,600 |
|
|
|
(35,800 |
) |
|
|
18,800 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
809,200 |
|
|
$ |
(358,300 |
) |
|
$ |
450,900 |
|
|
| Schedule of expected amortization expense |
The estimated aggregate amortization expense for each of the next five years is as follows:
|
Remaining 2013
|
|
$ |
21,300 |
|
|
2014
|
|
|
85,100 |
|
|
2015
|
|
|
77,000 |
|
|
2016
|
|
|
71,200 |
|
|
2017
|
|
|
71,200 |
|
|
Thereafter
|
|
|
61,300 |
|
| |
|
$ |
387,000 |
|
|