INTANGIBLE ASSETS (Details) (USD $)
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3 Months Ended | ||
---|---|---|---|
Mar. 31, 2014
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Mar. 31, 2013
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Dec. 31, 2013
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|
Intangible Assets | |||
Accumulated Amortization | $ (588,496) | $ (489,398) | |
Intangible Assets, Net | 3,830,823 | 3,073,945 | |
Amortization expense | 99,098 | 88,794 | |
Minimum
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Intangible Assets | |||
Estimated useful lives of intangibles assets | 5 years | ||
Maximum
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Intangible Assets | |||
Estimated useful lives of intangibles assets | 10 years | ||
Patents
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Intangible Assets | |||
Intangible Assets, Gross | 3,564,319 | 3,563,343 | |
Software Development Costs
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Intangible Assets | |||
Estimated useful lives of intangibles assets | 3 years | ||
Intangible Assets, Gross | 180,000 | ||
Capitalized cost | 180,000 | ||
Licensing
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Intangible Assets | |||
Estimated useful lives of intangibles assets | 3 years | ||
Intangible Assets, Gross | 675,000 | ||
Total licenses purchased as a non-cash transaction | $ 675,000 |