Annual report pursuant to Section 13 and 15(d)

Patents and Trademarks, Net

v3.20.1
Patents and Trademarks, Net
12 Months Ended
Dec. 31, 2019
Patents and Trademarks, Net  
Patents and Trademarks, Net

Note 6 — Patents and Trademarks, Net

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

    

2019

    

2018

Patents and Trademarks

 

$

2,020,070

 

$

1,769,767

Less: Accumulated Amortization

 

 

(725,395)

 

 

(605,224)

Patents and Trademarks, Net

 

$

1,294,675

 

$

1,164,543

 

Total amortization expense for patents and trademarks for the years ended December 31, 2019, 2018 and 2017 was $120,172,  $94,137 and $77,415, respectively. The estimated aggregate annual amortization expense for each of the next five fiscal years is approximately $135,000. We recorded no patent impairment charges for the years ended December 31, 2019, 2018 and 2017.