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Note 6 - Intangible Assets, at Cost
12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]

NOTE 6:

INTANGIBLE ASSETS, AT COST


Intangible assets consist of the following:


   

December 31, 2014

   

December 31, 2013

         

Asset

 

Cost

   

Accumulated amortization

   

Net book value

   

Cost

   

Accumulated amortization

   

Net book value

   

Estimated useful life (years)

 

eClinical customer lists

  $ 1,392,701     $ 1,392,701     $ -0-     $ 1,392,701     $ 1,392,701     $ -0-       3  

Promasys B.V. customer lists

    120,305       9,357       110,948       136,253       1,514       134,739       15  

Promasys B.V. software code

    72,837       16,995       55,842       72,943       2,431       70,512       5  

Promasys B.V. URLs/Website

    60,760       23,629       37,131       68,814       3,823       64,991       3  

Total

  $ 1,646,603     $ 1,442,682     $ 203,921     $ 1,670,711     $ 1,400,469     $ 270,242          

Amortization expense was $45,433 and $7,720 for the years ended December 31, 2014 and December 31, 2013, respectively.  


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


2015

  $ 42,841  

2016

    39,466  

2017

    22,588  

2018

    20,160  

2019

    8,020  

Thereafter

    70,846  

Total

  $ 203,921