Patents, Trademarks and Copyrights

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Patents, Trademarks and Copyrights

NOTE 5 – PATENTS, TRADEMARKS AND COPYRIGHTS

Patents, trademarks and copyrights consist of legal fees paid to file and perfect these claims. The net balances as of March 31, 2016 and December 31, 2015 were $274,447 and $283,368, respectively. For the three months ended March 31, 2016 and for the year ended December 31, 2015, the Company capitalized $0 and $0, respectively, of expenditures related to these assets. As of March 31, 2016, the Company had 15 patents issued on its technology both in the U.S. and internationally, and six trademarks in the U.S.

Patents, trademarks and copyrights are amortized over the life of the intellectual property which is 15 years. Amortization expenses for the three months ended March 31, 2016 and 2015 were $8,921 and $9,831, respectively.