Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.1.9
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

 

    December 31, 2014     December 31, 2013  

Weighted average

amortization period

(years)

Patents   $ 49,914,360     $ 7,204,937   8.19
Less: accumulated amortization     (6,550,528 )     (1,047,278 )  
    $ 43,363,832     $ 6,157,659    

 

Schedule of Amortization Expense

 

 

2015   $ 10,222,592  
2016     9,167,722  
2017     6,679,231  
2018     4,963,817  
2019     3,993,837  
2020 and thereafter     8,336,633  
Total   $ 43,363,832