Quarterly report pursuant to sections 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

 

    June 30, 2013 (unaudited)     December 31, 2012    

Weighted average

amortization period

(years)

Patents   $ 2,986,437     $ 500,925       3.32
Less: accumulated amortization     (484,453)       (8,773)        
    $ 2,501,984     $ 492,152        

Schedule of Amortization Expense

 

2013   588,490  
2014     769,386  
2015     550,145  
2016     279,820  
2017 and thereafter     314,143  
Total   $ 2,501,984