Annual report pursuant to Section 13 and 15(d)

Intangible assets (Tables)

v2.4.1.9
Intangible assets (Tables)
 12 Months Ended
Dec. 31, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets at December 31, 2014 and 2013 consist of the following:
 
Product
Certifications
 
Patents
 
Developed Technology
 
Total
Balance at December 31, 2014
 

 
 

 
 
 
 

Intangible assets
$
475,344

 
$
514,930

 
240,000

 
$
1,230,274

Less - accumulated amortization
(128,732
)
 
(62,242
)
 
(28,000
)
 
(218,974
)
 
$
346,612

 
$
452,688

 
$
212,000

 
$
1,011,300

 
 
 
 
 
 
 
 
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

Schedule of Estimated Future Amortization Expense
Estimated amortization expense at December 31, 2014 for each of the five succeeding years and thereafter are as follows:
2015
$
92,389

2016
137,096

2017
137,096

2018
130,899

2019
114,248

Thereafter
399,572

 
$
1,011,300