Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

v2.4.1.9
LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2014
LICENSED TECHNOLOGY [Abstract]  
Schedule of licensed technology
Licensed technology consists of the following:

   
December 31,
 
   
2014
   
2013
 
Licensed technology
 
$
5,000,000
   
$
-
 
Less accumulated amortization
   
9,000
     
-
 
Licensed technology, net
 
$
4,991,000
   
$
-
 
Amortization expense for intangible assets
The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2014 is as follows:

2015
 
$
465
 
2016
   
465
 
2017
   
465
 
2018
   
465
 
2019
   
465
 
Thereafter
   
2,666
 
Total
 
$
4,991