XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.21.1

Patents and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 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:
|  | December 31,
|  | 2020 |  | 2019
|  | (Unaudited) |  |  |
Patents |  |  |  |  |  |
Patents pending |  | $ | 731,000 |  | $ | 846,000
Issued patents |  |  | 883,000 |  |  | 619,000
|  |  | 1,614,000 |  |  | 1,465,000
Trademarks |  |  |  |  |  |
Trademarks pending |  |  | 105,000 |  |  | 77,000
Registered trademarks |  |  | 23,000 |  |  | 23,000
|  |  | 128,000 |  |  | 100,000
Other |  |  | 8,000 |  |  | 8,000
|  |  | 1,750,000 |  |  | 1,573,000
Accumulated amortization |  |  | (448,000) |  |  | (288,000)
|  | $ | 1,302,000 |  | $ | 1,285,000
Future amortization expense associated with awarded patents and registered trademarks as of December 31, 2020 is estimated as follows:
2021 |  |  | 152,000
2022 |  |  | 125,000
2023 |  |  | 91,000
2024 |  |  | 64,000
Thereafter |  |  | 26,000
|  | $ | 458,000
In 2020 and 2019, the Company continued to reassess its patent portfolio in order to ensure that both the cost-effectiveness and the value created through the intellectual property portfolio were maximized and to focus resources on its most promising patents. Those patents considered to be the most beneficial were retained and those pending patents projected to be unnecessarily costly that could be disposed of without meaningfully degrading the quality of the remaining intellectual property portfolio were abandoned. As a result, during the year ended December 31, 2020, the Company recorded no impairment loss of capitalized patents costs and $733,000 during the year ended December 31, 2019.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration