Note 7 - Intangible Assets

9 Months Ended

Sep. 30, 2013

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

Note G – Intangible Assets

The value of the Company’s intangible assets is summarized below:

	iCo			Yissum			Kadouche			Mablife			Total
Balance, December 31, 2011		2,421,609			659,623			661,286			-			3,742,518
Additions		-			-			-			435,775			435,775
Amortization		(167,244	)		(46,247	)		(46,687	)		(22,127	)		(282,305	)
Balance, December 31, 2012	$	2,254,365		$	613,376		$	614,599		$	413,648		$	3,895,988
Additions		-			-			-			-			-
Amortization		(125,090	)		(34,590	)		(34,919	)		(21,729	)		(216,328	)
Balance, September 30, 2013	$	2,129,275		$	578,786		$	579,680		$	391,919		$	3,679,660

The intangibles above were determined by management to have a 15 year useful life. Amortization expense amounted to approximately $0.2 million for each of the nine months ended September 30, 2013 and 2012 and approximately $0.7 million for the cumulative period from July 11, 2010 (Date of Inception) through September 30, 2013, respectively.