Intangible Asset

6 Months Ended

Jun. 30, 2014

Notes

Intangible Asset

6.                INTANGIBLE ASSET

The Company’s intangible asset consists of the GDL, as described in Note 5, which contains certain issued and pending patent rights. Upon commencement of licensed services to customers, amortization will be taken over the estimated useful life of the respective patent rights, which vary and are determined on a country-by-country basis.

	As at February 5, 2010 (inception)	Acquired	Accumulated Amortization	As at December 31, 2013	Accumulated Amortization	As at June 30, 2014
Global Diagnostic License	-	$ 50,000,000	-	$ 50,000,000	-	$ 50,000,000

As at June 30, 2014, the Company has not commenced any services relating to GDL and as a result, no amortization has been recorded.