7. INTANGIBLE ASSETS
|6 Months Ended|
Jun. 30, 2015
|Notes to Financial Statements|
|NOTE 7 - INTANGIBLE ASSETS||
The SUGARDOWN® technology and patent applications are being amortized on a straight-line basis over their useful lives of 14 years. Goodwill is not amortized, but is evaluated annually for impairment.
Intangible assets consist of the following at June 30, 2015 and December 31, 2014:
Amortization expense was $32,143 and $16,072 for the three and six months ended June 30, 2015 and 2014, respectively.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef