INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 5. INTANGIBLE ASSETS

The Company has incurred costs to trademark eight of its current products and marketing nomenclatures. During the year, the Company accelerated the amortization on six of the trademarks which related to products that the Company no longer marketed. Patents and trademarks are being amortized over a period of 15 years.

Intangible assets are: 

	December 31, 2011			December 31, 2010
Patents and trademarks	$	49,951		$	49,951
Accumulated amortization and Impairment		(30,610	)		(28,766	)
	$	19,341		$	21,185

Amortization expense for the year ended December 31, 2011 and 2010, was $1,844 and $9,498, respectively. For these assets and the deferred loan costs, amortization expense over the next five years is expected to be as follows:

	Patent and trademark amortization	Deferred loan cost amortization
2012	1,527	20,782
2013	1,527	5,595
2014	1,527	5,922
2015	1,527	1,186
2016	1,527	-
Thereafter	9,401	-