INTANGIBLE ASSETS (Details Narrative) (USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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Amortization expense | $ 85,100 | $ 85,100 |
Lower Range
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Estimated useful lives | 7 years | |
Upper Range
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Estimated useful lives | 10 years |
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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