Long lived assets subject to amortization
|9 Months Ended|
Sep. 30, 2016
|Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]|
|Long lived assets subject to amortization||
Note 4 Long lived assets subject to amortization
Intangible assets are comprised of technology, trademarks and license rights which are recorded at cost.
On August 2, 2014, the company commenced amortization of technology and other intangibles upon delivery of commercial beta devices for testing to a collaboration partner. During the three and nine months ended September 30, 2016 and 2015, $122,736, (2015 - $122,865) and $369,312, (2015 - $368,798) was recorded as amortization on technology and other intangibles. The Companys estimated technology amortization over the next five years is expected to be $2,469,338.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef