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 Tables  
Patents amortized over their remaining lives

The Company’s intangible assets consist of intellectual property, principally patents. The patents are being amortized over their remaining lives, which are 9 years and 16 years.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
Cost
$
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
Amortization
$
 
 
 
 
 
 
 
 
 
 
December 31,
2014
Net Carrying
Value
$
 
 
 
 
 
                         
Patents     1,173,593       364,867       808,726  
                         
      1,173,593       364,867       808,726  

 

 
 
 
 
 
 
 
 
 
 
 
 
 
Cost
$
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated
Amortization
$
 
 
 
 
 
 
 
 
 
 
December 31,
2013
Net Carrying
Value
$
 
 
 
 
 
                         
Patents     1,314,559       312,516       1,002,043  
                         
      1,314,559       312,516       1,002,043  
Annual estimated amortization schedule

The Company amortizes the long-lived assets on a straight line basis with terms of 13 and 20 years. The annual estimated amortization schedule over the next five years is as follows:

 

2015     $ 87,315  
2016     $ 87,315  
2017     $ 87,315  
2018     $ 87,315  
2019     $ 87,315