Patents and Other Intangible Assets

12 Months Ended

Dec. 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:

	December 31,
	2015		2014
Patents
Patents pending	$	2,730,000	$	2,262,000
Issued patents		115,000		67,000
		2,845,000		2,329,000
Trademarks
Trademarks pending		18,000		36,000
Registered trademarks		23,000		-
		41,000		36,000
Other		8,000		8,000
		49,000		44,000
Patents and other intangible assets		2,894,000		2,373,000
Accumulated amortization		(13,000)		(1,000)
	$	2,881,000	$	2,372,000

Future amortization expense associated with awarded patents and registered trademarks as of December 31, 2015 is estimated as follows:

2016	$	18,000
2017		18,000
2018		18,000
2019		18,000
2020		16,000
Thereafter		37,000
	$	125,000

During the years ended December 31, 2015 and 2014, the Company recorded an impairment loss of $593,000 and $262,000, respectively, from abandonment of capitalized patents and trademarks pending.