Patents and Other Intangible Assets

6 Months Ended

Jun. 30, 2017

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,
	2017		2016
	(unaudited)
Patents
Patents pending	$	1,153,000	$	1,040,000
Issued patents		806,000		747,000
		1,959,000		1,787,000
Trademarks
Trademarks pending		30,000		23,000
Registered trademarks		23,000		23,000
		53,000		46,000
Other		8,000		8,000
		2,020,000		1,841,000
Accumulated amortization		(202,000)		(106,000)
	$	1,818,000	$	1,735,000

During the three and six months ended June 30, 2017 and 2016, the Company recorded impairment losses of $0, $0, $167,000, and $232,000 respectively, of capitalized patents pending.

Future amortization expense associated with issued patents and registered trademarks as of June 30, 2017 is estimated as follows:

2017	$	98,000
2018		194,000
2019		173,000
2020		98,000
2021		36,000
Thereafter		28,000
	$	627,000