Quarterly report pursuant to sections 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.0.8
INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

    September 30, 2013 (unaudited)     December 31, 2012    

Weighted average

amortization period

(years)

Patents   $ 4,086,437     $ 500,925       3.70
Less: accumulated amortization     (869,430)       (8,773)        
    $ 3,217,007     $ 492,152        

Schedule of Amortization Expense

 

2013   345,327  
2014     991,734  
2015     756,690  
2016     484,978  
2017 and thereafter     638,278  
Total   $ 3,217,007