Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.2.0.727
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Intangible Assets Tables  
Patents amortized over their remaining lives

The Company’s intangible assets consist of intellectual property, principally patents, mainly acquired in the acquisition of ValiBio SA. the patents are being amortized over their remaining lives, which range from 8 to 16 years.

 

                June 30,  
                2015  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,135,753       377,211       758,542  
                         
      1,135,753       377,211       758,542  
                       
                       
                   

December 31,

2014

 
            Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                         
Patents     1,173,593       364,867       808,726  
                         
      1,173,593       364,867       808,726  
Annual estimated amortization schedule

The Company amortizes the long-lived assets on a straight line basis with terms ranging from 8 to 20 years. The annual estimated amortization schedule over the next five years is as follows:

 

       
2015 - remaining   $ 43,322  
2016   $ 86,644  
2017   $ 86,644  
2018   $ 86,644  
2019   $ 86,644