Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.4.0.3
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

Intangible assets as of March 31, 2016 and December 31, 2015 and the movements for the three months then ended are as follows:

 

          Distributor &        
    Patents &     Customer        
    Trademarks     Relationships     Totals  
Cost or Deemed Cost                        
At December 31, 2015   $ 2,626,996     $ 1,270,639     $ 3,897,635  
Additions     -       -       -  
Disposals     -       -       -  
At March 31, 2016   $ 2,626,996     $ 1,270,639     $ 3,897,635  
                         
Accumulated Amortization                        
At December 31, 2015   $ 1,154,113     $ 1,270,639     $ 2,424,752  
Amortization Charge     42,777       -       42,777  
Disposals     -       -       -  
At March 31, 2016   $ 1,196,890     $ 1,270,639     $ 2,467,529  
                         
Net Book Value                        
At December 31, 2015   $ 1,472,883     $ -     $ 1,472,883  
At March 31, 2016   $ 1,430,106     $ -     $ 1,430,106