Note 5 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

5

:                

INTANGIBLE ASSETS,

NET

Intangible assets consist of the following:

	December 31, 2017						December 31, 2016
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		118,780		32,994		85,786		104,163		21,990		82,173		15
Promasys B.V. software code		72,837		60,698		12,139		72,837		46,130		26,707		5
Promasys B.V. URLs/website		59,990		59,990		-0-		52,608		52,608		-0-		3
Total	$	1,644,308	$	1,546,383	$	97,925	$	1,622,309	$	1,513,429	$	108,880

Amortization expense was $

22,048

for the year ended

December 31, 2017

and

$37,331

for the year ended

December 31, 2016.  

Annual amortization expense for the Company

’s intangible assets is as follows:

Year	Amortization
2018	$	20,058
2019		7,919
2020		7,919
2021		7,919
2022		7,919
Thereafter		46,191
Total	$	97,925