INTANGIBLE ASSETS - Note 9

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

INTANGIBLE ASSETS - Note 9

NOTE 9 - INTANGIBLE ASSETS

As of June 30, 2013 and December 31, 2012, the Company's intangible assets were summarized as follows:

	Estimated		June 30,		December 31,
	Useful Life		2013		2012
			(Unaudited)
Domain name, logo and trade mark	Indefinite	$	349,600	$	349,600
Customer list	15 years		1,269,416		1,269,416
Total cost			1,619,016		1,619,016
less: Accumulated amortization			(1,144,827)		(1,138,326)
Intangible assets, net		$	474,189	$	480,690

Intangible assets are stated at cost less accumulated amortization. The Company acquired domain name "zoom.com" and related logo and 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 ended June 30, 2013 and 2012 was $3,251 and $3,251, respectively. The amortization of intangible assets for the six months ended June 30, 2013 and 2012 was $6,501 and $6,501 respectively. The estimated amortization for the next five years as of June 30, 2013 and thereafter is expected to be as follows by years:

Remainder of 2013	$	3,659
2014		8,739
2015		8,739
2016		8,739
2017		8,739
Thereafter		87,395
Total	$	126,010