INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 5 - INTANGIBLE ASSETS

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

	31-Dec-11		31-Dec-10
Technology license	$	117,112	$	97,112
Website development		-		10,394
Less: accumulated amortization		(55,957)		(51,616	)
Intangibles, net	$	61,155	$	55,890

Future amortization will approximate $10,000 for each of the next five years.

See Note 8 for commitments and contingencies associated with the Company’s technology licenses.