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Patents and Other Intangible Assets
6 Months Ended
Jun. 30, 2021
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:

    

June 30, 

    

December 31, 

2021

2020

Patents

 

  

 

  

Patents pending

$

795,000

$

731,000

Issued patents

 

883,000

 

883,000

 

1,678,000

 

1,614,000

Trademarks

 

 

Trademarks pending

 

111,000

 

105,000

Registered trademarks

 

23,000

 

23,000

 

134,000

 

128,000

Other

 

8,000

 

8,000

 

1,820,000

 

1,750,000

Accumulated amortization

 

(524,000)

 

(448,000)

$

1,296,000

$

1,302,000

Future amortization expense associated with issued patents and registered trademarks as of June 30, 2021 is estimated as follows (unaudited):

2021 (remaining 6 months)

    

76,000

2022

 

125,000

2023

 

91,000

2024

 

63,000

2025

 

27,000

$

382,000