Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.1.9
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intellectual Property and Intangible Assets

Intangible assets consisted of the following at December 31, 2014 and 2013:

 

 

 

2014

 

 

2013

 

Patents

 

$

12,866,217

 

 

$

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

 

License agreements

 

 

35,000

 

 

 

 

 

 

 

19,701,217

 

 

 

20,415,967

 

Less: accumulated amortization

 

 

(4,944,569

)

 

 

(3,604,456

)

Intangible assets, net

 

$

14,756,648

 

 

$

16,811,511