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Intangible assets
12 Months Ended
Dec. 31, 2013
Intangible assets [Abstract]  
Intangible assets
5. Intangible assets

At December 31, 2013 and December 31, 2012, intangible assets and accumulated intangible assets were comprised of the following:

 
 
2013
  
2012
 
Intangible assets
 
$
54,719,918
  
$
25,702,909
 
Accumulated amortization
  
(8,511,833
)
  
(5,216,117
)
Intangible assets, net
 
$
46,208,085
  
$
20,486,792
 

BioTime amortizes its intangible assets over an estimated period of 10 years on a straight line basis.  BioTime recognized $3,295,716 in amortization expense of intangible assets during the year ended December 31, 2013.  Amortization expense for the year ended December 31, 2012 amounted to $2,446,975.  See Notes 11, 12, 13, 14, and 15.

Amortization of intangible assets for periods subsequent to December 31, 2013 is as follows:

Year Ended
 
Amortization
 
December 31,
 
Expense
 
2014
 
$
5,472,123
 
2015
  
5,472,123
 
2016
  
5,472,123
 
2017
  
5,472,123
 
Thereafter
  
24,319,593
 
Total
 
$
46,208,085