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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Intangible Assets [Abstract]  
Summary of Intangible Assets
Intangible assets consisted of the following:
 
 
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
 
 
 
 
Patent costs
 
$
1,154,523
 
$
1,154,523
 
Less — Accumulated amortization
 
 
(935,233)
 
 
(864,658)
 
Total
 
$
219,290
 
$
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 three months)
 
$
23,525
 
2015
 
 
77,656
 
2016
 
 
61,119
 
2017
 
 
42,229
 
Thereafter
 
 
14,761
 
 
 
$
219,290