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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2014
Intangible Assets [Abstract]  
Summary of Intangible Assets
Intangible assets at March 31, 2014 and December 31, 2013 consisted of the following:
 
 
 
March 31 , 2014
 
December 31, 2013
 
Patent costs
 
$
1,154,523
 
$
1,154,523
 
Less — Accumulated amortization
 
 
(888,183)
 
 
(864,658)
 
Total
 
$
266,340
 
$
289,865
 
Patent Costs Amortized on a Straight-Line Basis
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,
 
 
 
 
 
 
 
 
 
2014 (remaining nine months)
 
$
70,575
 
2015
 
 
77,656
 
2016
 
 
61,119
 
2017
 
 
42,229
 
Thereafter
 
 
14,761
 
 
 
$
266,340