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Intangible Assets
12 Months Ended
Dec. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets

Note 8—Intangible Assets

 

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

 

    2012     2011  
             
Patent costs   $ 1,154,523     $ 1,154,523  
Less — Accumulated amortization     (755,392 )     (639,939 )
Total   $ 399,131     $ 514,584  

 

Patent amortization expense was $115,453 for the years ended December 31, 2012 and 2011, respectively.

 

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

 

Year ending December 31,      
       
2013     109,266  
2014     94,100  
2015     77,656  
2016     61,119  
2017     42,229  
2018     14,761  
    $ 399,131