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Intangible Assets
3 Months Ended
Mar. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets

5. Intangible Assets

Intangible assets consisted of the following:

 

                                     
        December 31, 2011     March 31, 2012  
                    (Unaudited)  
    Average life   Gross carrying     Accumulated     Gross carrying     Accumulated  
    (years)   amount     amortization     amount     amortization  

Non-compete agreements

  3   $ 24,000     $ 22,387     $ 24,000     $ 22,721  

Patents

  3 - 7     145,897       38,548       145,898       40,697  
       

 

 

   

 

 

   

 

 

   

 

 

 
        $ 193,897     $ 83,322     $ 169,898     $ 63,418  
       

 

 

   

 

 

   

 

 

   

 

 

 

 

Future amortization expense associated with these intangible assets is as follow:

 

         

Nine months ending December 31, 2012

  $ 7,716  

Year ending December 31, 2013

    8,583  

Year ending December 31, 2014

    8,583  

Year ending December 31, 2015

    8,583  

Year ending December 31, 2016

    8,583  

Thereafter

    64,432  
   

 

 

 
    $ 106,480