INTANGIBLE ASSET WRITEDOWN	12 Months Ended
Dec. 31, 2012
INTANGIBLE ASSET WRITEDOWN
INTANGIBLE ASSET WRITEDOWN	Note 8. Intangible Asset Writedown The Company entered into an exclusive agreement with the University of Chicago on November 30, 2010 wherein the Company licensed the exclusive, worldwide right to use and sublicense Chicago’s patent-pending Materials and Methods for the Preparation of Nanocomposites and future patent applications filed by the University of Chicago based on certain other patentable technologies described in the Chicago License. This intangible asset had a book value of $ 44,853 as of December 31, 2011. The Company does not have adequate capital to meet continuing requirements of the University Chicago License and hence we have been given notice that our license has been terminated. However based on our study of the intellectual property landscape we believe that the company would be better served applying its resources to the development of new intellectual property in the general area of liquid semiconductor technology. As a result, the Company wrote down the full book value of this intangible asset.

INTANGIBLE ASSET WRITEDOWN

12 Months Ended

Dec. 31, 2012

Note 8. Intangible Asset Writedown

The Company entered into an exclusive agreement with the University of Chicago on November 30, 2010 wherein the Company licensed the exclusive, worldwide right to use and sublicense Chicago’s patent-pending Materials and Methods for the Preparation of Nanocomposites and future patent applications filed by the University of Chicago based on certain other patentable technologies described in the Chicago License. This intangible asset had a book value of $ 44,853 as of December 31, 2011. The Company does not have adequate capital to meet continuing requirements of the University Chicago License and hence we have been given notice that our license has been terminated. However based on our study of the intellectual property landscape we believe that the company would be better served applying its resources to the development of new intellectual property in the general area of liquid semiconductor technology. As a result, the Company wrote down the full book value of this intangible asset.

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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VISION DYNAMICS Corp 10-K/A