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Intangible Assets
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Notes to Financial Statements    
Intangible Assets

Intangible assets consist of costs incurred to establish the TruXmart Tri-Fold and Smart Fold patent technology as well as costs incurred to develop the Company's website. The patent was issued August 26, 2014. The patent will be amortized on a straight-line basis over its useful life of 25 years. As the website was not yet complete as at March 31, 2015, the Company has not amortized the website during the period ended March 31, 2015.

 

    March 31, 2015        
    Cost     Accumulated Amortization     Net     December 31,
2014 Net
 
                         
Patent   $ 7,718     $ 238     $ 7,480     $ 7,589  
Website     3,110       -       3,110       -  
                                 
    $ 10,828     $ 238     $ 10,590     $ 7,589  

Intangible assets consist of costs incurred to establish the TruXmart Tri-Fold and Smart Fold patent technology. The patent was issued August 26, 2014. The patent will be amortized on a straight-line basis over its useful life of 25 years.

 

    2014     2013  
    Cost     Accumulated Amortization     Net      
Net
 
                         
Patent   $ 7,718     $ 129     $ 7,589     $ 7,718