Quarterly report pursuant to sections 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
INTANGIBLE ASSETS

The SUGARDOWN™  technology and provisional patents 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, 2011:

 

SUGARDOWN™   technology and provisional patents  $900,000 
Less accumulated amortization   (42,857)
Intangible assets, net  $857,143 

 

Amortization expense was $16,072 and $32,143 for the three and six months ended June 30, 2011, respectively.