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Patents and Other Intangible Assets

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 4 – Patents and Other Intangible Assets

Patents and other intangible assets are summarized as follows:

		March 31,			December 31,
		2015			2014
Patents		(unaudited)
Patents pending		$	2,594,000		$	2,262,000
Issued patents			67,000			67,000
			2,661,000			2,329,000
Trademarks
Trademarks pending			35,000			36,000
Registered trademarks			4,000			-
			39,000			36,000
Other			8,000			8,000
			2,708,000			2,373,000
Accumulated amortization			(3,000)			(1,000)
		$	2,705,000		$	2,372,000

Future amortization expense associated with awarded patents as of March 31, 2015 is estimated as follows:

2015		$	5,000
2016			7,000
2017			7,000
2018			7,000
2019			7,000
Thereafter			35,000
		$	68,000