Patents and Other Intangible Assets

6 Months Ended

Jun. 30, 2019

Note 4 – Patents and Other Intangible Assets

Patents and other intangible assets are summarized as follows:


	June 30,		December 31,
	2019		2018
	(Unaudited)
Patents
Patents pending	$	1,063,000	$	1,202,000
Issued patents		633,000		761,000
		1,696,000		1,963,000
Trademarks
Trademarks pending		63,000		55,000
Registered trademarks		23,000		23,000
		86,000		78,000
Other		8,000		8,000
		1,790,000		2,049,000
Accumulated amortization		(260,000)		(290,000)
	$	1,530,000	$	1,759,000

The Company monitors and assesses the net realizable value of the Company’s patent portfolio at each reporting period. As a result of management’s assessment of the Company’s patent portfolio in terms of cost-effectiveness and alignment with the focus on those patents that have significant future commercial value to the Company, an impairment charge of $396,000 was recorded during the quarter ended June 30, 2019.

Future amortization expense associated with issued patents and registered trademarks as of June 30, 2019 is estimated as follows (unaudited):


2019 (remaining 6 months)	$	67,000
2020		130,000
2021		94,000
2022		66,000
2023		33,000
Thereafter		6,000
	$	396,000