Quarterly report pursuant to Section 13 or 15(d)

Amortizable intangible assets (Tables)

v2.4.0.8
Amortizable intangible assets (Tables)
3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
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

Schedule of Finite-Lived Intangible Assets [Table Text Block]
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