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Note 6 - Intangible Assets, Net
3 Months Ended
Mar. 31, 2017
Notes  
Note 6 - Intangible Assets, Net

NOTE 6 – Intangible Assets, Net

 

Intangible assets, net, consist of:

 

 

 

March 31,

 2017

 

December 31, 2016

 

 

 

 

 

Video conferencing software acquired

 

 

 

 

  by Prosperity in December 2009

 

$           30,000

 

$           30,000

 

 

 

 

 

Enterprise and audit software acquired

 

 

 

 

  by Prosperity in April 2008

 

20,000

 

20,000

 

 

 

 

 

Patent costs incurred by WRAP

 

6,880

 

6,880

 

 

 

 

 

Other

 

3,548

 

3,548

 

 

 

 

 

Total

 

60,428

 

60,428

 

 

 

 

 

Accumulated amortization

 

(35,940)

 

(34,947)

 

 

 

 

 

Net

 

$           24,488

 

$           25,481

 

Expected future amortization expense for intangible assets as of March 31, 2017 follows:

 

 

 

Amount

 

 

 

Year Ending December 31, 2017

 

$        2,981

Year Ending December 31, 2018

 

3,975

Year Ending December 31, 2019

 

3,975

Year Ending December 31, 2020

 

3,975

Year Ending December 31, 2021

 

3,975

Thereafter

 

5,607

 

 

 

Total

 

$    24,488