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118 - Disclosure - PURCHASED INTANGIBLE ASSETS, NET (Tables)
(http://www.olva.com/role/PurchasedIntangibleAssetsNetTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001568139 (http://www.sec.gov/CIK)
PURCHASED INTANGIBLE ASSETS, NET [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
PURCHASED INTANGIBLE ASSETS, NET [Abstract]
 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table summarizes purchased intangible assets as of December 31, 2016. Intangible assets include costs of the initial license to use patented technologies in Malta, related to the conversion of cellulose materials into energy producing Ethanol.
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
Gross
 
 
 
Net
 
Average
 
 
 
Carrying
 
Accumulated
 
Carrying
 
Useful Life
 
 
 
Amount
 
Amortization
 
Amount
 
(in Years)
 
 
 
$
 
$
 
$
 
 
 
Finite lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
License rights
 
 
279,916
 
 
(53,828)
 
 
226,088
 
 
14.4
 
Total identifiable intangible assets
 
 
279,916
 
 
(53,828)
 
 
226,088
 
 
 
 
  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The estimated future amortization expense of purchased intangible assets as of December 31, 2016, is as follows:
 
 
 
Estimated
 
 
 
Amortization
 
 
 
Expense
 
 
 
$
 
 
 
 
 
2017
 
 
19,376
 
2018
 
 
19,376
 
2019
 
 
19,376
 
2020
 
 
19,376
 
2021
 
 
19,376
 
Thereafter
 
 
129,208
 
Total
 
 
226,088