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Patents and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Patents and Other Intangible Assets  
Schedule of Patents and other intangible assets

Patents and other intangible assets are summarized as follows:

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2021

 

2020

 

 

(Unaudited)

 

 

 

Patents

 

 

  

 

 

  

Patents pending

 

$

763,000

 

$

731,000

Issued patents

 

 

883,000

 

 

883,000

 

 

 

1,646,000

 

 

1,614,000

Trademarks

 

 

 

 

 

 

Trademarks pending

 

 

107,000

 

 

105,000

Registered trademarks

 

 

23,000

 

 

23,000

 

 

 

130,000

 

 

128,000

Other

 

 

8,000

 

 

8,000

 

 

 

1,784,000

 

 

1,750,000

Accumulated amortization

 

 

(486,000)

 

 

(448,000)

 

 

$

1,298,000

 

$

1,302,000

 

Schedule of future amortization expense

Future amortization expense associated with issued patents and registered trademarks as of March 31, 2021 is estimated as follows (unaudited):

 

 

 

 

 

2021 (remaining 9 months)

    

 

114,000

2022

 

 

125,000

2023

 

 

91,000

2024

 

 

63,000

Thereafter

 

 

27,000

 

 

$

420,000