Amortizable Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

4. Amortizable Intangible Assets

The Company had amortizable intangible assets as follows as of December 31, 2013 and 2012:

					Accumulated
	Gross Carrying Amount				Amortization
	2013		2012		2013		2012
Distributorship and related agreements	$	2,060,000	$	2,060,000	$	770,375	$	616,365
Lunasin technology license		1,954,661		-		48,383		-
	$	4,014,661	$	2,060,000	$	818,758	$	616,365

Amortization expense (straight-line method) for intangible assets totaled $202,393 and $154,009 in 2013 and 2012, respectively. Amortization expense for amortizable intangible assets over the next five years is estimated to be:

	Intangible
	Amortization
2014	$	270,000
2015		270,000
2016		255,000
2017		226,000
2018		226,000