DISTRIBUTION AGREEMENTS

6 Months Ended

Jun. 30, 2016

DISTRIBUTION AGREEMENTS [Abstract]

DISTRIBUTION AGREEMENTS

NOTE 6 - DISTRIBUTION AGREEMENTS

Distribution agreements are presented below:

	June 30, 2016			December 31, 2015
Better World Products - related party	$	2,160		$	2,160
Jonway Products		14,400			14,400
		16,560			16,560
Less: amortization and impairment		(10,321	)		(9,601	)
	$	6,239		$	6,959

Amortization expenses related to these distribution agreements for the three and six months ended June 30, 2016 and 2015 was $360,000 and $360,000, $720,000 and $720,000, respectively. Amortization is based over the term of the agreements. No impairment loss was recorded for the three months ended June 30, 2016 and 2015, respectively. The estimated future amortization expense is as follows:

12 months ended June 30,
2017	$	1,440
2018		1,440
2019		1,440
2020		1,440
Thereafter		479
Total	$	6,239