5. INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

5. INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

The following table summarizes information about intangible assets at December 31, 2012:

Asset Category	Value Assigned		Weighted AverageAmortization Period(in Years)		Impairments		Accumulated Amortization		Carrying Value (Net of Impairments)
Acquired license and costs		108,534		7		-		12,920		95,614
Patent development and application costs		34,443		20		-		-		34,443
Totals	$	142,977			$	-	$	12,920	$	130,057

The following table summarizes information about intangible assets at December 31, 2011:

Asset Category	Value Assigned		Weighted Average Amortization Period (in Years)		Impairments		Accumulated Amortization		Carrying Value (Net of Impairments)
Acquired license and costs	$	108,534		7	$	-	$	-	$	108,534
Patent development and application costs		9,151		20		-		-		9,151
Totals	$	117,685			$	-	$	-	$	117,685

In December 2011, the Company acquired a perpetual software license for $100,000 plus associated legal fees.  The intellectual property acquired enabled the Company to reduce the cost to bring new products to market.

For the years ended December 31, 2012 and 2011, the aggregate amortization expense on the above intangibles was approximately $12,920 and $ 0, respectively. The aggregate amortization expense for the years ending December 31, 2013 through 2017 is expected to be $26,000 for each respective year.