Other Assets

12 Months Ended

Dec. 31, 2012

Other Assets [Abstract]

OTHER ASSETS

4. OTHER ASSETS

Other assets consist of patent licensing fees paid to license intellectual property (see Note 15). The Company is amortizing the license fee to research and development over its 15-year term.

	December 31,
	2012			2011
Patent licensing fee	$	200,000		$	200,000
Accumulated amortization		(51,361	)		(33,861	)
	$	148,639		$	166,139

Amortization expense was $17,500 and $12,500 for the years ended December 31, 2012 and 2011, respectively. Amortization expense in each of the next five years is expected to be approximately $17,000 per year.