Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.3.1.900
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2015
Intangible Assets Tables  
Patents amortized over their remaining lives

The patents and intellectual property are being amortized over their remaining lives, which range from 8 to 16 years.

 

                December 31,  
                2015  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,119,302       413,921       705,381  
      1,119,302       413,921       705,381  

 

                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 of 13 and 20 years. The annual estimated amortization schedule over the next five years is as follows:

 

2016   $ 85,378  
2017   $ 85,378  
2018   $ 85,378  
2019   $ 85,378  
2020   $ 85,378