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Intangible Assets
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Note 6 - 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 June 30, 2015, the Company has not amortized the website during the period ended June 30, 2015.

 

    June 30, 2015        
    Cost    

Accumulated

Amortization

    Net    

December 31, 2014

Net

 
                         
Patent   $ 7,718     $ 348     $ 7,370     $ 7,589  
Website     3,500       -       3,500       -  
                                 
    $ 11,218     $ 348     $ 10,870     $ 7,589