Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
 3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Note 8 - Intangible Assets
 
Intangible assets as of March 31, 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 March 31, 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
 
 
64,644
 
 
-
 
 
64,644
 
Disposals
 
 
-
 
 
-
 
 
-
 
At March 31, 2014
 
 
1,481,501
 
 
1,270,639
 
 
2,752,140
 
 
 
 
 
 
 
 
 
 
 
 
Net Book Value
 
 
 
 
 
 
 
 
 
 
At December 31, 2013
 
 
2,434,637
 
 
-
 
 
2,434,637
 
At March 31, 2014
 
$
2,369,993
 
$
-
 
$
2,369,993
 
  
During the three months ended March 31, 2014 and 2013 amortization expense was $64,644 and $64,644.