Annual report pursuant to Section 13 and 15(d)

Intangible assets (Tables)

v2.4.0.8
Intangible assets (Tables)
 12 Months Ended
Dec. 31, 2013
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets at December 31, 2013 and 2012 consist of the following:
 
 
Product
Certifications
 
Patents
 
Developed Technology
 
Total
Balance at December 31, 2013
 

 
 

 
 
 
 

Intangible assets
$
406,706

 
$
441,609

 
240,000

 
$
1,088,315

Less - accumulated amortization
(83,405
)
 
(39,583
)
 
(12,000
)
 
(134,988
)
 
$
323,301

 
$
402,026

 
$
228,000

 
$
953,327

 
 
 
 
 
 
 
 
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

Schedule of Estimated Future Amortization Expense
Estimated amortization expense at December 31, 2013 for each of the five succeeding years is as follows:
 
2014
$
80,937

2015
119,758

2016
119,758

2017
119,758

2018
113,560

Thereafter
399,556

 
$
953,327