XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Trademark and licensing agreements
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Trademark and licensing agreements
4. Trademark and licensing agreements:
   
  On March 7, 2002, the Company purchased the rights to the trademarks Brooklyn Cheesecake Company, Inc. and Brooklyn Cheesecake and Desserts Company, Inc. and the related corporate logo in exchange for 300,000 shares of the Company’s common stock, valued on the purchase date at $90,000. The trademark rights are being amortized on the straight-line basis over a fifteen-year term. Amortization expense was $1,500 and $1,500 for the three months March 31, 2013 and 2012, respectively.
   
  On March 28, 2006, the Company entered into a licensing agreement with its former Chairman and CEO, whereby a one percent of sales fee would be charged for the use of the Brooklyn Cheesecake & Desserts Company, Inc. trademarks. Licensing fees were $3,000 and $3,360 for the three months ended March 31, 2013 and 2012, respectively.

 

    March 31     December 31  
    2013     2012  
Trademark   $ 90,000     $ 90,000  
Less: Accumulated Amortization     (66,375 )     (64,875 )
Trademark, Net   $ 23,625     $ 25,125  

 

  The following is a schedule of future amortization of the trademark:

 

2013     6,000  
2014     6,000  
2015     6,000  
2016     5,625  
    $ 23,625