Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.7.0.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Intangible Assets Tables  
Patents amortized over their remaining lives

The patents and intellectual property are being amortized over the assets’ estimated useful lives, which range from 8 to 20 years.

 

                December 31,  
                2016  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,085,133       482,940       602,193  
                         
      1,085,133       482,940       602,193  

 

                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 of 8 to 20 years. The annual estimated amortization schedule over the next five years is as follows:

 

2017   $ 82,750  
2018   $ 82,750  
2019   $ 82,750  
2020   $ 82,750  
2021   $ 82,750