Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets were comprised of the following:

   

    June 30, 2015
    Gross carrying amount   Accumulated amortization   Net carrying value
Customer list   $ 42,500     $ (42,500 )   $ —  
Technology     832,000       (474,400 )     357,600  
Trade name     54,600       (54,600 )     —  
    $ 929,100     $ (571,500 )   $ 357,600  

 

    December 31, 2014
    Gross carrying amount   Accumulated amortization   Net carrying value
Customer list   $ 42,500     $ (40,000 )   $ 2,500  
Technology     805,700       (440,000 )     365,700  
Trade name     54,600       (51,400 )     3,200  
    $ 902,800     $ (531,400 )   $ 371,400