Intangible Assets

9 Months Ended

Sep. 30, 2011

Intangible Assets

Note 7—Intangible Assets

Intangible assets at September 30, 2011 and December 31, 2010 consisted of the following:

	September 30,  2011			December 31, 2010
Patent costs	$	1,154,523		$	1,154,523
Less — Accumulated amortization		(611,075	)		(524,486	)
Total	$	543,448		$	630,037

Patent amortization expense was $28,863 for the three months ended September 30, 2011 and 2010, respectively, and $86,590 for the nine months ended September 30, 2011 and 2010, respectively.

Patent costs which are amortized on a straight-line basis over a 10-year life, are scheduled to amortize as follows:

Year ending December 31,

2011 (remaining three months)	$	28,863
2012		115,453
2013.		109,266
2014.		94,100
2015.		77,656
Thereafter.		118,110
	$	543,448