INTANGIBLE ASSETS

6 Months Ended

12 Months Ended

Jun. 30, 2014

Dec. 31, 2013

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.

5. INTANGIBLE ASSETS

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


	2013			2012

HDR	$	146,706		$	130,432
SRIO		102,259			86,673
Software		200,000			-
		448,965			217,105
Less amortization		(55,819	)		(32,772	)

	$	393,146		$	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.