CV Sciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

4. INTANGIBLE ASSETS (Tables)

4. INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

Intangible assets consisted of the following at September 30, 2014:

Description		Original Fair Market Value				Accumulated Amortization				Net
Vendor relationships		$	1,170,000			$	390,000			$	780,000
Trade name			230,000				76,667				153,333
Noncompete agreement			2,710,000				903,333				1,806,667
		$	4,110,000			$	1,370,000			$	2,740,000

Intangible assets consisted of the following at December 31, 2013:

Description		Original Fair Market Value				Accumulated Amortization				Net
Vendor relationships		$	1,170,000			$	214,500			$	955,500
Trade name			230,000				42,167				187,833
Noncompete agreement			2,710,000				496,833				2,213,167
		$	4,110,000			$	753,500			$	3,356,500