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Intangible Assets
9 Months Ended
Sep. 30, 2011
Intangible Assets

NOTE 6 — Intangible Assets

 

Amortization of all intangible assets was $15,000 and $45,000 for the three and nine months ended September 30, 2011 and 2010, respectively. Intangible assets as of September 30, 2011 consisted of the following:

 

   Gross
Assets		  Accumulated
Amortization		   
Net
Patent  $600,000   $435,000   $165,000 
Project management tools   570,750    570,750    —   
    Total intangible assets  $1,170,750   $1,005,750   $165,000 

 

 

The gross value of intangible assets has not changed from December 31, 2010. Future amortization expense is expected to be $15,000 per quarter through mid 2014.