Quarterly report pursuant to Section 13 or 15(d)

Amortizable intangible assets (Notes)

Amortizable intangible assets (Notes)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Intangible assets other than goodwill

As of March 31, 2014 the Company has the following amounts related to intangible assets:



	Gross Carrying Amount		Accumulated Amortization
Patent costs	$	469,031	$	45,648
Product certifications	415,706		93,312
Developed technology	240,000		16,000
Total	$	1,124,737	$	154,960

The aggregate amortization expense of the Company's intangible assets for the three months ended March 31, 2014 and 2013 was $19,972 and $9,760, respectively.

Estimated future annual amortization expense related to the intangible assets is as follows:



2014	$	59,917
2015	124,575
2016	124,575
2017	124,575
2018	118,378
Thereafter	417,757
	$	969,777

The Company expects to receive foreign patents for the patents granted in the United States by year end. The expense in the estimated future amortization schedule is based on this assumption.

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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