5. Domain name rights and intangible asset (Tables)

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Capitalization of domain name rights

Domain name rights have been capitalized on the balance sheet based on the present value of the future minimum purchase payments. In 2002, the Company suspended the amortization of the domain name in accordance with ASC 350, Intangibles - Goodwill and Others, where companies are no longer permitted to amortize indefinite life intangible assets.

March 31, 2013		Cost		Accumulated amortization		Net book Value
Domain name rights	$	1,934,500	$	677,259	$	1,257,241

December 31, 2012		Cost		Accumulated amortization		Net book Value
Domain name rights	$	1,934,500	$	677,259	$	1,257,241