INTANGIBLES

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLES

8 INTANGIBLES

License

Localization and implementation of the different software and technology modules is supported through a Localization Agreement. Under this agreement, at a cost of $215,000, the licensor allocated engineering and programming resources to the Company. The cost is being amortized over 5 years.

Intangibles consisted of the following as of June 30, 2016 and December 31, 2015, respectively:

	June 30, 2016			December 31, 2015
Software Localization Agreement	$	215,000		$	215,000
Total cost		215,000			215,000
Less: accumulated amortization		(25,083	)		(3,583	)
Intangibles, net	$	189,917		$	211,417

Amortization expense was $21,500 and $0 for the six months ended June 30, 2016 and 2015, respectively.