Quarterly report pursuant to Section 13 or 15(d)

Patents

v2.4.1.9
Patents
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
Note 6 – Patents
 
Patents, net consisted of the following:
 
 
March 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
unaudited
 
 
 
 
Patents
 
$
1,055,580
 
$
1,040,219
 
Accumulated amortization
 
 
(31,812)
 
 
(27,255)
 
 
 
$
1,023,768
 
$
1,012,964
 
 
For the three months ended March 31, 2015, capitalized patent costs of $69,482 were written off as the Company chose to discontinue pursuit of the associated patents. The expense associated with the write-offs is included in general and administrative expenses.