Trademark and licensing agreements

3 Months Ended

Mar. 31, 2012

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, 2012 and 2011, 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 $3,360 and $3,000 for the three months ended March 31, 2012 and 2011, respectively.

	March 31			December 31
	2012			2011
Trademark	$	90,000		$	90,000
Less: Accumulated Amortization		(60,375	)		52,875
Trademark, Net	$	29,625		$	37,125

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

2012		6,000
2013		6,000
2014		6,000
2015		6,000
Thereafter		5,625
	$	29,625