General form of registration statement for all companies including face-amount certificate companies

Intangible assets other than goodwill (Tables)

v2.4.0.8
Intangible assets other than goodwill (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Schedule of Finite-Lived Intangible Assets
As of September 30, 2013 the Company has the following amounts related to intangible assets:
 
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Patent costs
 
$
411,181
 
$
33,516
 
Product certifications
 
 
372,046
 
 
76,135
 
Developed technology
 
 
240,000
 
 
8,971
 
 
 
$
1,023,227
 
$
118,622
Intangible assets at December 31, 2012 and 2011 consist of the following:
  
 
 
Product Certifications
 
Patents
 
Total
 
Balance at December 31, 2012
 
 
 
 
 
 
 
 
 
 
Intangible assets
 
$
235,482
 
$
214,883
 
$
450,365
 
Less – accumulated amortization
 
 
(57,798)
 
 
(20,547)
 
 
(78,345)
 
 
 
$
177,684
 
$
194,336
 
$
372,020
 
Balance at December 31, 2011
 
 
 
 
 
 
 
 
 
 
Intangible assets
 
$
218,168
 
$
67,902
 
$
286,070
 
Less – accumulated amortization
 
 
(38,254)
 
 
(6,195)
 
 
(44,449)
 
 
 
$
179,914
 
$
61,707
 
$
241,621
Schedule of Estimated Future Amortization Expense
Estimated future annual amortization expense related to the intangible assets is as follows: 
 
2013
 
$
24,581
 
2014
 
 
111,945
 
2015
 
 
111,945
 
2016
 
 
111,945
 
2017
 
 
111,945
 
Thereafter
 
 
432,244
 
 
 
$
904,605
 
Estimated amortization expense at December 31 for each of the five succeeding years is as follows:
  
2013
 
$
39,879
 
2014
 
 
54,246
 
2015
 
 
54,246
 
2016
 
 
54,246
 
2017
 
 
54,246
 
Thereafter
 
 
115,157
 
 
 
$
372,020