Trademark and licensing agreements

9 Months Ended

Sep. 30, 2011

Trademark and licensing agreements

4. Trademark and licensing agreements:

On March 7, 2002, the Company purchased the rights to the trademarks Brooklyn Cheesecake Company, Inc. and Brooklyn Cheesecake and Desserts Company, Inc. and the related corporate logo in exchange for 300,000 shares of the Company's common stock, valued on the purchase date at $90,000. The trademark rights are being amortized on the straight-line basis over a fifteen-year term. Amortization expense was $4,500 and $4,500 for the nine months September 30, 2011 and 2010, respectively.

On March 28, 2006, the Company entered into a licensing agreement with its former Chairman and CEO, whereby a one percent of sales fee would be charged for the use of the Brooklyn Cheesecake & Desserts Company, Inc. trademarks. Licensing fees were $2,000 and $2,000 for the three months ended September 30, 2011 and 2010, respectively.

	September 30			December 31
	2011			2010
Trademark	$	90,000		$	90,000
Less: Accumulated Amortization		(57,375	)		(52,875	)
Trademark, Net	$	32,625		$	37,125

The following is a schedule of future amortization of the trademark:

2011		6,000
2012		6,000
2013		6,000
2014		6,000
2015		6,000
Thereafter		2, 625
	$	32,625