Note 7 - Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2013

Notes

Note 7 - Other Intangible Assets, Net

NOTE 7 – OTHER INTANGIBLE ASSETS, NET

The Company’s other intangible assets represent cost of setting up information systems for the provision of franchising services. As of the balance sheet dates, the Company’s other intangible assets are summarized as follows:

	Useful lives	June 30, 2013	December 31,  2012
At cost:
Information systems	5 years	$46,262	$45,353
Less: Accumulated amortization		(35,060)	(29,835)
Other intangibleassets, net		$11,202	$15,518

Amortization expense of other intangible assets for the six months ended June 30, 2013 and 2012 was $4,598 and $6,476, respectively.