Note 4 Intangible Assets

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Note 4 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 legal lives, which is generally 20 years.

Patents consists of the following:

	June 30, 2012	December 31, 2011
Patents	$               503,153	$                  439,787
Less: Accumulated amortization	14,307	8,683
	$               488,846	$                  431,104

Amortization expense for the six months ending June 30, 2012 and 2011 was $5,624 and $2,469. Amortization expense for the three months ending June 30, 2012 and 2011 was $2,812 and $2,224.