Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Note 6 - Intangible Assets
 
Intangible assets as of June 30, 2014 and December 31, 2013 and the movements for the three months then ended are as follows:
 
 
 
 
 
Distributor &
 
 
 
 
 
Patents &
 
Customer
 
 
 
 
 
Trademarks
 
Relationships
 
Totals
 
Cost or Deemed Cost
 
 
 
 
 
 
 
 
 
 
At December 31, 2013
 
 
3,851,494
 
 
1,270,639
 
 
5,122,133
 
Additions
 
 
-
 
 
-
 
 
-
 
Disposals
 
 
-
 
 
-
 
 
-
 
At June 30, 2014
 
 
3,851,494
 
 
1,270,639
 
 
5,122,133
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 
 
 
 
 
 
 
 
At December 31, 2013
 
 
1,416,857
 
 
1,270,639
 
 
2,687,496
 
Amortization Charge
 
 
129,287
 
 
-
 
 
129,287
 
Disposals
 
 
-
 
 
-
 
 
-
 
At June 30, 2014
 
 
1,546,144
 
 
1,270,639
 
 
2,816,783
 
 
 
 
 
 
 
 
 
 
 
 
Net Book Value
 
 
 
 
 
 
 
 
 
 
At December 31, 2013
 
 
2,434,637
 
 
-
 
 
2,434,637
 
At June 30, 2014
 
$
2,305,350
 
$
-
 
$
2,305,350
 
 
Amortization expense was $64,643 and $129,287 for the three and six months ended June 30, 2014 and $64,643 and $129,286 for the three and six months ended June 30, 2013.