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INTANGIBLE ASSETS (Details Narrative) (USD $)
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6 Months Ended | 8 Months Ended | 0 Months Ended | |||
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Jun. 30, 2013
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Jun. 30, 2012
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Dec. 31, 2011
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May 07, 2013
Patents
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Apr. 23, 2013
Patents
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Apr. 17, 2013
Patents
Integer
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| Amortization expense | $ 475,680 | $ 8,773 | $ 0 | |||
| Cost of IP Relay Patent Acquired | 350,000 | |||||
| Number of Patents Acquired | 41 | |||||
| Patent Valuation | $ 1,000,000 | $ 1,135,512 | ||||
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No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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