Quarterly report pursuant to Section 13 or 15(d)

License

 v2.3.0.11
License
6 Months Ended
Jun. 30, 2011
License  
Note 6 - License

License costs capitalized as of June 30, 2011 and 2010 are as follows:

 

    2011     2010  
             
License   $ 100,000     $ 100,000  
      100,000       100,000  
                 
Less: accumulated amortization     14,705       11,764  
License, net   $ 85,925     $ 88,236  

 

The Company is currently amortizing its patents over their estimated useful life of 15 years when acquired. During the period ended June 30, 2011 and 2010, amortization expense charged to operations was $2,940, respectively.