INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2013

Intangible Assets

INTANGIBLE ASSETS

The Company has incurred costs to trademark eight of its current products and marketing nomenclatures.  During the year, the Company purchased a patent in relation to the purchase of GT Beverage, and also assumed the trademarks of Bazi Intl.  Patents and trademarks are being amortized over the lesser of their remaining life or 15 years.

Intangible assets are: 

		December 31, 2013		December 31, 2012
Patents and trademarks	$	1,706,849		$	1,706,849
Accumulated amortization		(305,392	)		(114,215	)
	$	1,401,457		$	1,592,634

Amortization expense for the year ended December 31, 2013 and 2012 was $191,177 and $114,216, respectively.  For these assets, amortization expense over the next five years is expected to be as follows:

	Patent and trademark amortization
2014	$	168,042
2015		145,172
2016		141,177
2017		141,177
2018		141,177
2019 and therafter		664,712
	$	1,401,457