Quarterly report pursuant to Section 13 or 15(d)

6. INTANGIBLE ASSETS

v3.5.0.2
6. INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
NOTE 6 - 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, 2016 and December 31, 2015:

 

    2016     2015  
SUGARDOWN® technology and patent applications   $ 900,000     $ 900,000  
Less accumulated amortization     (364,286 )     (332,143 )
Intangible assets, net   $ 535,714     $ 567,857  

 

Amortization expense was $32,143 for the six months ended June 30, 2016 and 2015.