Intangible assets

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

3. Intangible assets

At June 30, 2013, intangible assets were comprised of the following:

Intangibles subject to amortization:

			Accumulated
	Cost		Amortization		Net
Branding Costs	$	355,959	$	(352,116)	$	3,843
Website Design		283,646		(208,395)		75,251
	$	639,605	$	(560,511)	$	79,094

Intangibles not subject to amortization:

	Cost
Trademark costs, including initial registration	$	219,265

At December 31, 2012, intangible assets were comprised of the following:

Intangibles subject to amortization:

			Accumulated
	Cost		Amortization		Net
Branding costs	$	403,459	$	(336,230)	$	67,229
Website design		276,347		(182,177)		94,170
Total	$	679,806	$	(518,407)	$	161,399

Intangibles not subject to amortization:

	Cost
Trademark costs, including initial registration	$	205,243

Amortization expense of approximately $36,000 and $52,000 for the three months and six months ended June 30, 2013, respectively, was related to intangible assets. Amortization expense of approximately $33,000 and $66,000, respectively for the three and six months ended June 30, 2012, respectively, was related to intangible assets.

Estimated amortization expense related to intangible assets for the succeeding five years, including the remainder of 2013, is:

December 31,	Amount
2013	$	30,000
2014		23,000
2015		10,000
2016		7,000
2017		7,000