Note 5 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2015

Notes

Note 5 - Intangible Assets, Net

NOTE 5 – Intangible Assets, Net

Intangible assets, net, consist of:

	Nine Months Ended		Year Ended
	September 30,		December 31,
	2015	2014	2014	2013
	(Unaudited)	(Unaudited)
Revenues	$             82,234	$        97,141	$         133,962	$           101,104
Operating expenses	1,802,210	130,473	192,257	1,150,133
Loss from operations	(1,719,976)	(33,332)	(58,295)	(1,049,029)
Other income (loss) - net	(32,408)	-	(30,686)	(10,511)
Net loss	$      (1,752,384)	$      (33,332)	$          (88,981)	$      (1,059,540)
Net loss per common share- basic and diluted	$                (0.01)	$           (0.00)	$              (0.00)	$                (0.00)
Weighted average common shares outstanding- basic and diluted	227,708,384	214,416,250	214,438,168	112,221,455

Expected future amortization expense for intangible assets as of September 30, 2015 (unaudited) follows:

	September 30,	December 31,
	2015	2014	2013
Video Conferencing software acquired by Prosperity in December 2009	$        30,000	$                   -	$                   -
Enterprise and audit software acquired by Prosperity in April 2008	20,000	-	-
Patent costs incurred by WRAP	6,880	6,944	6,944
Other	3,548	-	-
Total	60,428	6,944	6,944
Accumulated amortization	(29,980)	(3,395)	(2,991)
Net	$        30,448	$          3,549	$          3,953