Quarterly report pursuant to Section 13 or 15(d)

NOTE 4 - INTANGIBLE ASSETS (Tables)

NOTE 4 - INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets were comprised of the following:

	September 30, 2014
	Gross carrying amount		Accumulated amortization		Net carrying value

Customer list	$ 42,500		$ (38,400)		$ 4,100
Technology	1,840,700		(438,900)		1,401,800
Trade name	54,600		(49,400)		5,200
	$ 1,937,800		$ (526,700)		$ 1,411,100

	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		$	50,400
2015			191,700
2016			185,900
2017			182,100
2018			144,600
Thereafter			656,400
		$	1,411,100