Annual report pursuant to section 13 and 15(d)

6. INTANGIBLE ASSETS (Tables)

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6. INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
Intangible Assets

Intangible assets consist of the following:

 

    December 31,
    2012   2011
SUGARDOWN® technology and provisional patents
  $ 900,000     $ 900,000  
Less accumulated amortization
    (139,286 )     (75,000 )
Intangible assets, net
  $ 760,714     $ 825,000  

 

Estimated remaining amortization expense related to intangible assets with finite lives

The estimated remaining amortization expense related to intangible assets with finite lives for each of the five succeeding years and thereafter is as follows:

 

 Year ending December 31:      
       

 2013

 

 

$

 

64,286

 

 

 2014

 

   

64,286

 

 

 2015

 

   

64,286

 

 

 2016

 

   

64,286

 

 

 2017

 

   

64,286

 

 
 Thereafter  

 

 

439,284  
    $   760,714