Note 6. Intangible Assets, At Cost

3 Months Ended

Mar. 31, 2012

Intangible Assets Disclosure [Text Block]

NOTE 6:                INTANGIBLE ASSETS, AT COST

Intangible assets consist of the following:

	March 31, 2012						December 31, 2011
Asset	Cost		Accumulated amortization		Net book value		Cost		Accumulated amortization		Net book value		Estimated useful life
Customer lists	$	1,392,701	$	1,276,643	$	116,058	$	1,392,701	$	1,160,584	$	232,117	3 Years
	$	1,392,701	$	1,276,643	$	116,058	$	1,392,701	$	1,160,584	$	232,117

Amortization expense was $116,059 and $116,058 for the three month periods ended March 31, 2012 and March 31, 2011, respectively.

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

2012	$	116,058
2013		-0-
2014		-0-
2015		-0-
Total	$	116,058