Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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

Intangible assets were comprised of the following:

 

    September 30, 2015
    Gross carrying amount   Accumulated amortization   Net carrying value
Customer list   $ 42,500     $ (42,500 )   $ 0  
Technology     864,600       (494,400 )     370,200  
Trade name     54,600       (54,600 )     0  
    $ 961,700     $ (591,500 )   $ 370,200  

 

    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