Annual report pursuant to Section 13 and 15(d)

Intangible assets (Tables)

v2.4.0.6
Intangible assets (Tables)
 12 Months Ended
Dec. 31, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
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 amortization expense at December 31, 2012 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