Annual report pursuant to Section 13 and 15(d)

Patents and Trademarks, Net

v3.19.1
Patents and Trademarks, Net
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents and Trademarks, Net
Note 6 — Patents and Trademarks, Net
 
 
 
December 31,

2018
 
 
December 31,

2017
 
 
 
 
 
 
 
 
Patents and Trademarks
 
$
1,769,767
 
 
$
1,325,905
 
Less: Accumulated Amortization
 
 
(605,224
)
 
 
(512,131
)
 
 
 
 
 
 
 
 
 
Patents and Trademarks, Net
 
$
1,164,543
 
 
$
813,774
 
 
Total amortization expense for patents and trademarks for the years ended December 31, 2018, 2017 and 2016 was $94,137, $77,415 and $106,734, respectively. The estimated aggregate annual amortization expense for each of the next five fiscal years is approximately $118,000. We recorded an impairment charge of $20,506 representing a cost of $44,371, less accumulated amortization of $23,865 for the year ended December 31, 2016. We recorded no patent impairment charges for the years ended December 31, 2018 and 2017.