INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

3. INTANGIBLE ASSETS

 

The following summarizes amortization of acquisition related intangible assets included in the statement of operations:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
Cost of sales	$	59,163	$	192,854	$	242,354	$	578,562
General and administrative	$	28,785		33,952	$	96,688		101,855
	$	87,948	$	226,806	$	339,042	$	680,417

On September 30, 2014 the Company entered into a non-compete agreement, amounting to $578,500 which has been capitalized as an intangible asset. (Note 10)