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6. PATENTS
 9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
6. PATENTS

In fiscal 2005, the Company started the patent process for additional WATER$AVR® products. Patents associated with these costs were granted in 2006 and they have been amortized over their legal life of 17 years.

 

   

September 30,

2016 Cost

    

Accumulated

Amortization

    

September 30,

2016 Net

  
Patents   $ 202,591     $ 102,591     $ 100,000  
                         

 

 

   

December 31, 2015

Cost

    

Accumulated

Amortization

    

December 31, 2015

Net

  
Patents   $ 191,698     $ 91,075     $ 100,623  
                         

 

 

Increase in 2016 cost was due to currency conversion. 2016 cost in Canadian dollars - $265,102 (2015 - $265,102 in Canadian dollars).

 

Amount of amortization for 2016 - $11,556 (2015 - $12,073)

 

Estimated amortization expense over the next five years is as follows:

 

2016   $ 15,408  
2017     15,408  
2018     15,408  
2019     15,408  
2020     15,408