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EXCEL - IDEA: XBRL DOCUMENT - Entia Biosciences, Inc.Financial_Report.xls
10-Q - ERGO 10-Q 09/30/12 - Entia Biosciences, Inc.ergo10q_093012apg.htm
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v2.4.0.6
NOTE 5 - PATENTS AND LICENSES, NET
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
NOTE 5 - PATENTS AND LICENSES, NET

NOTE 5 - PATENTS AND LICENSES, NET

 

Our identifiable long-lived intangible assets are patents and prepaid licenses. Patent and license amortization is $803 and $178 for the three months ended September 30, 2012 and 2011, respectively and $2,383 and $251 for the nine months ended September 30, 2012 and 2011, respectively.

 

The licenses are being amortized over an economic useful life of 17 years. The gross carrying amounts and accumulated amortization related to these intangible assets consist of the following at:

 

     

September 30,

2012

 

December 31,

2011

 Gross carrying amounts-patents and licenses    $            174,238       $            116,924 
 Accumulated amortization                     (4,634)                       (2,251)
 Patents and Licenses, net    $            169,604       $            114,673