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PATENTS
12 Months Ended
Sep. 30, 2023
PATENTS  
PATENTS

6. PATENTS

 

Patents consist of the following at September 30:

 

 

 

2023

 

 

2022

 

Patents

 

$853,445

 

 

$893,833

 

Accumulated amortization

 

 

(655,741)

 

 

(681,632)

Patents, net

 

$197,704

 

 

$212,201

 

During the years ended September 30, 2023 and 2022, there was no impairment of patent costs. The weighted average amortization period for patents is approximately 8 years. Amortization expense for the years ended September 30, 2023 and 2022 totaled approximately $38,000 and  $49,000, respectively.   The total estimated future amortization is as follows:

 

Years ending September 30,

 

2024

 

$32,000

 

2025

 

 

29,000

 

2026

 

 

25,000

 

2027

 

 

22,000

 

2028

 

 

19,000

 

Thereafter

 

 

71,000

 

 

 

$198,000