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PATENTS
12 Months Ended
Sep. 30, 2024
PATENTS  
PATENTS

6. PATENTS

 

Patents consist of the following at September 30:

 

 

 

2024

 

 

2023

 

Patents

 

$829,716

 

 

$853,445

 

Less: Accumulated amortization

 

 

(664,224)

 

 

(655,741)

Patents, net

 

$165,492

 

 

$197,704

 

 

During the years ended September 30, 2024 and 2023, there was no impairment of patent costs.  The weighted average remaining amortization period for patents is approximately 8 years. For the years ended September 30, 2024 and 2023, amortization of patent costs totaled approximately $32,000 and $38,000, respectively, and is included in general and administrative expense on the accompanying statements of operations.  The total estimated future amortization is as follows:

 

Years ending September 30,

 

2025

 

$29,000

 

2026

 

 

25,000

 

2027

 

 

22,000

 

2028

 

 

19,000

 

2029

 

 

16,000

 

Thereafter

 

 

54,000

 

 

 

$165,000