Annual report pursuant to Section 13 and 15(d)

Patents and Trademarks, Net

v3.8.0.1
Patents and Trademarks, Net
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents and Trademarks, Net
Note 4 — Patents and Trademarks, Net
 
 
 
December 31,
2017
 
December 31,
2016
 
 
 
 
 
 
 
 
 
Patents and Trademarks
 
$
1,325,905
 
$
970,178
 
Less: Accumulated Amortization
 
 
(512,131)
 
 
(434,717)
 
 
 
 
 
 
 
 
 
Patents and Trademarks, Net
 
$
813,774
 
$
535,461
 
 
Total amortization expense for patents and trademarks for the years ended December 31, 2017, 2016 and 2015 was $77,415, $106,734 and $86,478, respectively. The estimated aggregate annual amortization expense for each of the next five fiscal years is approximately $88,000. We recorded an impairment charge of $20,506 representing cost of $44,371, less accumulated amortization of $23,865 for the year ended December 31, 2016. We recorded an impairment charge of $13,222 representing cost of $21,954, less accumulated amortization of $8,732 for the year ended December 31, 2015 regarding our abandoned patents and trademarks. We recorded no patent impairment charges for the year ended December 31, 2017.