PATENTS AND TRADEMARK

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

PATENTS AND TRADEMARK

NOTE 3 – PATENTS AND TRADEMARK

The Company has five issued patents and filed for three additional provisional patents for anti-counterfeiting technology. Accordingly, costs associated with the registration of these patents and legal defense have been capitalized and are amortized on a straight-line basis over the estimated lives of the patents (17 to 20 years). During the three and nine months ended September 30, 2014, the Company capitalized $0 of patent cost and during the three and nine months ended September 30, 2013, the Company capitalized patent costs of $0 and $21,594, respectively. Amortization expense for patents was $3,277 and $9,831 for the three and nine months ended September 30, 2014 and $3,277 and $9,814 for the three and nine months ended September 30, 2013, respectively. Future estimated annual amortization over the next five years is approximately $13,100 per year for the years ended December 31, 2014 through 2018.