| Intangible Assets |
Note 7 - Intangible Assets
Intangible assets as of March
31, 2016 and December 31, 2015 and the movements for the three months then ended are as follows:
| |
|
|
|
|
Distributor & |
|
|
|
|
| |
|
Patents & |
|
|
Customer |
|
|
|
|
| |
|
Trademarks |
|
|
Relationships |
|
|
Totals |
|
| Cost or Deemed Cost |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2015 |
|
$ |
2,626,996 |
|
|
$ |
1,270,639 |
|
|
$ |
3,897,635 |
|
| Additions |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Disposals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| At March 31, 2016 |
|
$ |
2,626,996 |
|
|
$ |
1,270,639 |
|
|
$ |
3,897,635 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2015 |
|
$ |
1,154,113 |
|
|
$ |
1,270,639 |
|
|
$ |
2,424,752 |
|
| Amortization Charge |
|
|
42,777 |
|
|
|
- |
|
|
|
42,777 |
|
| Disposals |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| At March 31, 2016 |
|
$ |
1,196,890 |
|
|
$ |
1,270,639 |
|
|
$ |
2,467,529 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Book Value |
|
|
|
|
|
|
|
|
|
|
|
|
| At December 31, 2015 |
|
$ |
1,472,883 |
|
|
$ |
- |
|
|
$ |
1,472,883 |
|
| At March 31, 2016 |
|
$ |
1,430,106 |
|
|
$ |
- |
|
|
$ |
1,430,106 |
|
Amortization expense was $42,777
and $64,643 for the three months ended March 31, 2016 and 2014.
|