Annual report pursuant to section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Schedule of Intellectual Property and Intangible Assets
  2013   2012
Patents $ 13,615,967     $ 13,615,967  
Customer relationships   3,400,000       3,400,000  
Trademarks   2,740,000       2,740,000  
Non-compete agreements   660,000       660,000  
Territory rights   —         150,000  
    20,415,967       20,565,967  
Less: accumulated amortization   (3,604,456 )     (2,015,551 )
   Intangible assets, net $ 16,811,511     $ 18,550,416