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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2014
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS
 

Intangible assets consist of the following: 

     
   

June 30, 2014

December 31,  2013

    
     

(Unaudited)

          
                 

HDR

   $   213,481       $   146,061  

SRIO

       109,462           102,259    

New product development

       6,213           -  

Software

       200,000           200,000    
        529,156           448,320  

Less: accumulated amortization

       (71,648)           (55,819)    
                           
    $   457,508       $   392,501  

 

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).  Intangible assets are amortized over ten years.