NOTE 5 - PATENTS AND LICENSES, NET

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

NOTE 5 - PATENTS AND LICENSES, NET

NOTE 5 - PATENTS AND LICENSES, NET

Our identifiable long-lived intangible assets are patents and prepaid licenses. Patent and license amortization is $790 for both the three months ended March 31, 2013 and 2012.

The licenses are being amortized over an economic useful life of 17 years. The gross carrying amounts and accumulated amortization related to these intangible assets consist of the following at:

	March 31, 2013	December 31, 2012
Gross carrying amounts-patents and licenses	$ 199,380	$ 188,570
Accumulated amortization	(6,254)	(5,464)
Patents and Licenses, net	$ 193,126	$ 183,106