Intangible Assets

3 Months Ended

Mar. 31, 2012

Intangible Assets

Note 6—Intangible Assets

Intangible assets at March 31, 2012 and December 31, 2011 consisted of the following:

	March 31, 2012			December 31, 2011
Patent costs	$	1,154,523		$	1,154,523
Less — Accumulated amortization		(668,802	)		(639,939	)
Total	$	485,721		$	514,584

Patent amortization expense was $28,863 for the quarters ended March 31, 2012 and 2011, respectively.

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

Year ended December 31,
2012 (remaining nine months)		86,589
2013		109,266
2014		94,100
2015		77,656
Thereafter		118,110
	$	485,721