Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
 9 Months Ended
Sep. 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.

 

                September 30,  
                2015  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,148,791       403,861       744,930  
                         
      1,148,791       403,861       744,930  

 

                    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     $ 21,912  
2016     $ 87,647  
2017     $ 87,647  
2018     $ 87,647  
2019     $ 87,647