Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets

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Intangible Assets
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements  
Intangible Assets

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 September 30, 2011:

SUGARDOWN technology and provisional patents $ 900,000

Less accumulated amortization (58,929)

Intangible assets, net $ 841,071

Amortization expense was $16,072 and $48,215 for the three and nine months ended September 30, 2011, respectively.