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Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2013
Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

  

December 31, 2012

 

  

June 30, 2013

 

 

 

 

  

 

 

  

 

 

  

(Unaudited)

 

 

Average  life
(years)

 

  

Gross carrying
amount

 

  

Accumulated
amortization

 

  

Gross carrying
amount

 

  

Accumulated
amortization

 

Patents             

  10

  

  

$

  145,995

  

  

$

  61,302

  

  

$

  145,995

  

  

$

  72,679

  

 

 

 

 

  

$

  145,995

  

  

$

  61,302

  

  

$

  145,995

  

  

$

  72,679

  

 
Future Amortization Expense

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

 

Six months ending December 31, 2013             

$

  11,377

  

Year ending December 31, 2014             

 

  22,754

  

Year ending December 31, 2015             

 

  22,754

  

Year ending December 31, 2016             

 

  16,431

  

 

$

  73,316