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Patents and Other Intangible Assets
9 Months Ended
Sep. 30, 2020
Patents and Other Intangible Assets  
Patents and Other Intangible Assets

Note 4 – Patents and Other Intangible Assets

Patents and other intangible assets are summarized as follows:

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2020

 

2019

 

 

(Unaudited)

 

 

 

Patents

 

 

  

 

 

  

Patents pending

 

$

811,000

 

$

846,000

Issued patents

 

 

780,000

 

 

619,000

 

 

 

1,591,000

 

 

1,465,000

Trademarks

 

 

 

 

 

 

Trademarks pending

 

 

102,000

 

 

77,000

Registered trademarks

 

 

23,000

 

 

23,000

 

 

 

125,000

 

 

100,000

Other

 

 

8,000

 

 

8,000

 

 

 

1,724,000

 

 

1,573,000

Accumulated amortization

 

 

(403,000)

 

 

(288,000)

 

 

$

1,321,000

 

$

1,285,000

 

Future amortization expense associated with issued patents and registered trademarks as of September 30, 2020 is estimated as follows (unaudited):

 

 

 

 

 

2020 (remaining 3 months)

    

 

42,000

2021

 

 

131,000

2022

 

 

104,000

2023

 

 

70,000

2024

 

 

43,000

Thereafter

 

 

10,000

 

 

$

400,000