General form of registration statement for all companies including face-amount certificate companies

INTANGIBLE ASSETS (Tables)

v2.4.0.8
INTANGIBLE ASSETS (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible assets acquired from acquisition

 

    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        

   

December 31,

2012

   

December 31,

2011

 
                 
Patent rights   $ 500,925     $ -  
Accumulated amortization     (8,773)       -  
Intangible assets, net   $ 492,152     $ -  
Future amortization of intangible assets, net

 

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

    2013     70,186  
         
    2014     70,186  
    2015     70,186  
    2016     70,186  
                           2017 and thereafter                   211,408  
         
         
   Total   $ 492,152