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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Intangible Assets

The components of our intangible assets at March 31, 2016 are summarized below:

 

Intangible Asset Class    Cost      Accumulated
Amortization
     Net
Carrying
Amount
     Weighted
Average
Amortization
Period

Patents

   $ 160,436       $ (118,114    $ 42,322       17 years
Expected Future Annual Amortization Expense

The expected future annual amortization expense for each of the next five years based on current balances of our intangible assets is approximately as follows:

 

For the year ending December 31:       

2016

   $ 13,978   

2017

   $ 8,306   

2018

   $ 8,306   

2019

   $ 8,306   

2020

   $ 6,922