INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2013

NOTE 4 - INTANGIBLE ASSETS

Intangible assets consist of the following as of September 30, 2013 and December 31, 2012:

	September 30, 2013			December 31, 2012

HDR	$	143,648		$	130,432
SRIO		98,878			86,673
Software		200,000			-
		442,526			217,105
Less amortization		(58,968	)		(32,772	)

	$	383,558		$	184,333

Intangible assets consist of legal and global patent registration costs related to the Company's technology HDR (Handheld biometric mobile devices) and SRIO (Biometric wallet devices).

In April 2013, the Company purchased software from an unrelated third party for $200,000 in cash. The software purchased is an Android platform application which provides the capability to make NFC type of payment transactions on Point of Sale terminals. The Company plans to incorporate this software into our SRIO product to be sold along with the actual device.