Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2016
Intangible Assets Tables  
Patents amortized over their remaining lives

The Company’s intangible assets consist of intellectual property and patents, mainly acquired in the acquisition of ValiBio SA. The patents and intellectual property are being amortized over their remaining lives, which range from 7 to 15 years.

 

 

                September 30,  
                2016  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,145,947       490,201       655,746  
                         
      1,145,947       490,201       655,746  

 

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

 

2016 - remaining   $ 21,857  
2017   $ 87,428  
2018   $ 87,428  
2019   $ 87,428  
2020   $ 87,428