Patents and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Note 4 – Patents and Other Intangible Assets

Patents and other intangible assets are summarized as follows:

	June 30,		December 31,
	2016		2015
	(unaudited)
Patents
Patents pending	$	2,927,000	$	2,730,000
Issued patents		337,000		115,000
		3,264,000		2,845,000
Trademarks
Trademarks pending		18,000		18,000
Registered trademarks		23,000		23,000
		41,000		41,000
Other		8,000		8,000
		3,313,000		2,894,000
Accumulated amortization		(37,000)		(13,000)
	$	3,276,000	$	2,881,000

Future amortization expense associated with issued patents and registered trademarks as of June 30, 2016 is estimated as follows:

2016	$	31,000
2017		62,000
2018		63,000
2019		63,000
2020		60,000
Thereafter		44,000
	$	323,000

During the three and six months ended June 30, 2016 and 2015, the Company recorded an impairment loss of $167,000, $232,000, $5,000 and $5,000, respectively, from abandonment of capitalized patents.