INTANGIBLE ASSETS - Note 12

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

INTANGIBLE ASSETS - Note 12

NOTE 12 — INTANGIBLE ASSETS

As of September 30, 2011 and December 31, 2010, the Company's intangible assets were summarized as follows:

	Useful life	September 30, 2011		December 31, 2010
				(Audited)
Software	3 years	$	192,106	$	30,448
Domain name, logo & trade mark (from related party)	Indefinite	349,600		349,600
Technology use right	1 year	124,705
Patent techniques	10 years	180,310		174,583
Total cost			846,721		554,631
Less: Total accumulated amortization			(78,707)		(29,173)
Intangible assets, net		$	768,014	$	525,458

Intangible assets are stated at cost less accumulated amortization. The Company acquired domain name "zoom.com" and related logo & trade name for 80,000 shares of common stock valued $349,600 as of the date of purchase. The domain name, logo and trademark have indefinite lives and no amortization was recorded. The amortization of intangible assets for the nine months ended September 30, 2011 and 2010 was $42,446 and $9,230 respectively. The amortization of intangible assets for the three months ended September 30, 2011 and 2010 was $21,840 and $7,186 respectively. The estimated amortization for the next five years as of September 30, 2011 and thereafter is expected to be as follows by years:

2012	$	196,380
2013	76,853
2014	44,733
2015		18,031
2016		18,031
Thereafter		64,386
Total	$	418,414