INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2013

Intangible Assets

INTANGIBLE ASSETS

NOTE 9: INTANGIBLE ASSETS

Prior to March 31, 2013, patents, technology and other intangibles with contractual terms were generally amortized over their estimated useful lives of ten years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.

Prior to any impairment adjustment, intangible assets consisted of the following:

	March 31,			December 31,
	2013			2012
Patents	$	3,553,651		$	3,553,651
Accumulated Amortization		(192,387	)		(105,430	)
Intangible Assets, Net	$	3,361,264		$	3,448,221

Amortization expense totaled $88,794 and $0 for the three months ended March 31, 2013 and the year ended December 31, 2012, respectively.