Note 6 - Intangible Assets, Net

3 Months Ended

Mar. 31, 2018

Notes

Note 6 - Intangible Assets, Net

NOTE 6 – Intangible Assets, Net

Intangible assets, net, consist of:

	March 31,  2018	December 31, 2017
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 and Impairment	(60,428)	(60,428)
Net	$           0	$           0

The above intangible assets relate to the document management and email marketing divisions. At December 31, 2017, we do not expect any future positive cash flow from these divisions. Accordingly, we have recorded an impairment expense of $21,509 at December 31, 2017 and reduced the net carrying value of these intangible assets to $0.