Patents and Other Intangible Assets

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
	2015		2014
	(unaudited)
Patents
Patents pending	$	2,867,000	$	2,262,000
Issued patents		67,000		67,000
		2,934,000		2,329,000
Trademarks
Trademarks pending		15,000		36,000
Registered trademarks		22,000		-
		37,000		36,000
Other		8,000		8,000
		2,979,000		2,373,000
Accumulated amortization		(6,000)		(1,000)
	$	2,973,000	$	2,372,000

Future amortization expense associated with issued patents as of June 30, 2015 is estimated as follows:

2015	$	4,000
2016		9,000
2017		9,000
2018		9,000
2019		9,000
Thereafter		43,000
	$	83,000

During the three and six months ended June 30, 2015 and 2014, the Company recorded an impairment loss of $5,000, $5,000, $0, and $8,000, respectively, from abandonment of capitalized patents and trademarks pending.