INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements

Note 6 - INTANGIBLE ASSETS

Intangible assets as of June 30, 2011 and December 31, 2010 consisted of the following:

	30-Jun-11			31-Dec-10
	(Unaudited)
Technology license	$	97,112		$	97,112
Website development		12,894			10,394
Less: accumulated amortization		(59,437	)		(51,616	)
Intangibles, net	$	50,569		$	55,890

In the second quarter of 2009, the Company renegotiated three of its technology licenses with Massachusetts General Hospital into one exclusive technology license. The net book value of the renegotiated licenses, $43,398, was used as the original cost of the new license and the remaining life of approximately 5 years. See Note 9 for commitments and contingencies associated with these licenses.