Note 5 - Intangible Assets, Net

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 5 : INTANGIBLE ASSETS, NET

Intangible assets consist of the following:

	June 30, 2016						December 31, 2015
Asset	Cost		Accumulated amortization		Net book value		Cost		Accumulated amortization		Net book value		Estimated useful life (years)
eClinical Suite customer lists	$	1,392,701	$	1,392,701	$	-0-	$	1,392,701	$	1,392,701	$	-0-		3
Promasys B.V. customer lists		110,314		19,611		90,703		108,051		15,607		92,444		15
Promasys B.V. software code		72,837		38,846		33,991		72,837		31,563		41,274		5
Promasys B.V. URLs/Website		55,714		49,524		6,190		54,572		39,413		15,159		3
Total	$	1,631,566	$	1,500,682	$	130,884	$	1,628,161	$	1,479,284	$	148,877

Amortization expense was $20,253 and $20,237 for the six month periods ended June 30, 2016 and June 30, 2015, respectively.

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

2016	$	17,151
2017		21,922
2018		19,494
2019		7,354
2020		7,354
Thereafter		57,609
Total	$	130,884