Intangible Assets

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Intangible Assets

NOTE 4 – INTANGIBLE ASSETS

This represents legal fees and patent fees associated with the registration of patents. The Company has recorded amortization expenses on the Spacer and Chromophore patent applications accepted by the United States Patent and Trademark Office in February 2011 and April 2011 which are amortized over its legal life of 20 years. No amortization expense has been recorded on the remaining patents since the patents have yet to be declared effective. Once issued, the cost of the patents will be amortized over their remaining legal lives, which is generally 20 years.

Patents consists of the following:

	March 31, 2012	December 31, 2011
Patents	$           466,305	$              439,787
Less: Accumulated amortization	11,495	8,683
	$           454,810	$              431,104

Amortization expense for the three months ending March 31, 2012 and 2011 was $2,811 and $245.