INTANGIBLE ASSETS - Note 13

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

INTANGIBLE ASSETS - Note 13

NOTE 13 — INTANGIBLE ASSETS

As of March 31, 2012 and December 31, 2011, the Company's intangible assets were summarized as follows:

	Useful life	March 31, 2012			December 31, 2011
		(Unaudited)			(Audited)
Software	3 years	$		202,124	$	201,275
Domain name, logo & trade mark	Indefinite	349,600			349,600
Customer list	5 years	86,250			86,250
Technology use right	1 year	126,225			125,432
Patent techniques	10 years	182,507			181,360
Total cost			946,706				943,917
Less: Accumulated amortization			(216,470)				(171,390)
Intangible assets, net		$		730,236	$	772,527

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 three months ended March 31, 2012 and 2011 was $31,201 and $5,616 respectively. The estimated amortization for the next five years as of March 31, 2012 and thereafter is expected to be as follows by years:

2012	$	188,710
2013		72,777
2014		27,260
2015		18,251
2016		18,251
Thereafter		55,387
Total	$	380,636