Annual report pursuant to Section 13 and 15(d)

PATENTS AND DOMAIN NAME (Tables)

v2.4.1.9
PATENTS AND DOMAIN NAME (Tables)
12 Months Ended
Dec. 31, 2014
PATENTS AND DOMAIN NAME  
Summary of patent and domain name costs capitalized and amortized

 

 

Total

 

Balance at December 31, 2012

 

$

226,018

 

Amortization

 

(11,969

)

Legal fees for pending patents

 

143,949

 

Purchase of domain name

 

21,705

 

Balance at December 31, 2013

 

379,703

 

Amortization

 

(19,335

)

Legal fees for pending patents

 

139,642

 

Balance at December 31, 2014

 

$

500,010

 

 

Schedule of amortization expense

Years ending December 31,

 

 

 

2015

 

$

21,475 

 

2016

 

21,475 

 

2017

 

20,954 

 

2018

 

20,780 

 

2019

 

20,780 

 

2020 and thereafter

 

148,424 

 

Total amortization expense

 

$

253,888