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Intangible Assets (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Intangible Assets Tables    
Patents amortized over their remaining lives

                December 31,  
                2013  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,314,559       312,516       1,002,043  
                         
      1,314,559       312,516       1,002,043  

 

                September 30,  
                2014  
          Accumulated     Net Carrying  
    Cost     Amortization     Value  
    $     $     $  
                   
Patents     1,219,969       357,216       862,753  
                         
      1,219,969       357,216       862,753  

 

The Company’s intangible assets consist of intellectual property, principally patents. The patents are being amortized over their remaining lives, which are 10 years and 17 years.

 

 
 
 
 
 
 
 
 
 
 
 
Cost
 
 
 
 
 
 
 
 
 
 
Accumulated
Amortization
 
 
 
 
 
 
 
 
December 31,
2012
Net Carrying
Value
 
 
 
 
    $     $     $  
                         
Patents     1,666,346       236,108       1,430,238  
                         
      1,666,346       236,108       1,430,238  

 

 
 
 
 
 
 
 
 
 
 
 
Cost
 
 
 
 
 
 
 
 
 
 
Accumulated
Amortization
 
 
 
 
 
 
 
 
December 31,
2013
Net Carrying
Value
 
 
 
 
    $     $     $  
                         
Patents     1,314,559       312,516       1,002,043  
                         
      1,314,559       312,516       1,002,043  
Annual estimated amortization schedule

The annual estimated amortization schedule over the next five years is as follows:

 

2014 - remaining   $ 22,721  
2015   $ 90,882  
2016   $ 90,882  
2017   $ 90,882  
2018   $ 90,882  

The annual estimated amortization schedule over the next five years is as follows:

 

2014   $ 98,158  
2015   $ 98,158  
2016   $ 98,158  
2017   $ 98,158  
2018   $ 98,158