Intangible Assets (Details) (USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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Intangible assets consist of: | ||
Less: accumulated amortization | $ (308,457) | $ (261,928) |
Intangible assets, net | 570,396 | 573,731 |
Amortization of intangible assets | 59,100 | 127,080 |
Impairment loss | 9,424 | 129,667 |
License agreements
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Intangible assets consist of: | ||
Finite-lived intangible assets, gross | 816,300 | 772,230 |
License agreements | Minimum
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Intangible assets consist of: | ||
Amortization period of intangible assets | 17 years | |
License agreements | Maximum
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Intangible assets consist of: | ||
Amortization period of intangible assets | 20 years | |
Patents
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Intangible assets consist of: | ||
Finite-lived intangible assets, gross | 62,553 | 63,429 |
Amortization period of intangible assets | 3 years | |
Non-amortizable pending costs | 62,553 | |
Impairment loss | $ 9,424 | $ 129,667 |
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- Definition
Represents capitalized costs related to patents that are pending, not currently subject to amortization. Amount is included in total of finite lived intangible assets gross. 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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- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Remaining amortization period of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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