Annual report pursuant to Section 13 and 15(d)

Patents and Trademarks, Net

v2.4.0.8
Patents and Trademarks, Net
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents and Trademarks, Net
Note 11 — Patents and Trademarks, Net
 
 
 
December 31,
2013
 
December 31,
2012
 
 
 
 
 
 
 
 
 
Patents and Trademarks
 
$
777,593
 
$
803,687
 
Less: Accumulated Amortization
 
 
(281,985)
 
 
(252,380)
 
 
 
 
 
 
 
 
 
Net
 
$
495,608
 
$
551,307
 
 
Total amortization expense for patents and trademarks for the years ending December 31, 2013 and 2012 it was $54,979 and $59,396, respectively. The estimated aggregate annual amortization expense for each of the next five fiscal years is $50,058. We recorded an impairment charge of $73,423 representing cost of $98,798, less accumulated amortization of $25,375 for the year ending December 31, 2013. We recorded an impairment charge of $64,703 representing cost of $171,868, less accumulated amortization of $107,165 for the year ending December 31, 2012 regarding our abandoned patents and trademarks.