Note 6. Intangible Assets, At Cost

3 Months Ended

Jun. 30, 2011

Intangible Assets Disclosure [Text Block]

NOTE 6:                INTANGIBLE ASSETS, AT COST

Intangible assets consists of the following:

	June 30, 2011						December 31, 2010
Asset	Cost		Accumulated Amortization		Net Book Value		Cost		Accumulated Depreciation		Net Book Value		Estimated Useful Lives
Customer lists	$	1,392,701	$	928,467	$	464,234	$	1,392,701	$	696,351	$	696,350	3 Years
	$	1,392,701	$	928,467	$	464,234	$	1,392,701	$	696,351	$	696,350

Amortization expense was $232,117 and $232,117 for the six months ended June 30, 2011 and June 30, 2010, respectively.

Annual amortization expense for the Company’s intangible assets is as follows:

2011	$	232,117
2012		232,117
2013		-0-
2014		-0-
2015		-0-
Total	$	464,234