Note 5 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

5

:                

INTANGIBLE ASSETS,

NET

Intangible assets consist of the following:

	December 31, 2016						December 31, 2015
	Cost		Accumulated amortization		Net book value		Cost		Accumulated amortization		Net book value		Estimated useful life (years)
eClinical Suite customer list	$	1,392,701	$	1,392,701	$	-0-	$	1,392,701	$	1,392,701	$	-0-		3
Promasys B.V. customer list		104,163		21,990		82,173		108,051		15,607		92,444		15
Promasys B.V. software code		72,837		46,130		26,707		72,837		31,563		41,274		5
Promasys B.V. URLs/website		52,608		52,608		-0-		54,572		39,413		15,159		3
Total	$	1,622,309	$	1,513,429	$	108,880	$	1,628,161	$	1,479,284	$	148,877

Amortization expense was $

37,331

for the year ended

December

31,

2016

and

$40,338

for the year ended 

December

31,

2015.

  

Annual amortization expense for the Company

’s intangible assets is as follows:

2017	$	21,512
2018		19,084
2019		6,944
2020		6,944
2021		6,944
Thereafter		47,452
Total	$	108,880