PATENT COSTS (Tables)

9 Months Ended

Sep. 30, 2014

PATENT COSTS [Abstract]

Net Patent Costs

For each period presented below net patent costs consisted of:

	September 30,			December 31,
	2014			2013
Patents	$	658,513		$	472,375
Accumulated Amortization		(350,606	)		(256,376	)
	$	307,907		$	215,999

Estimated Aggregate Future Amortization Expense

The amortization expense for patents for the nine months ended September 30, 2014 was approximately $94,000. In the comparable period of 2013, the amortization expense for patents was approximately $48,000. The estimated aggregate amortization expense for each of the next five years is approximately as follows:

2015	$	40,000
2016		34,000
2017		34,000
2018		34,000
2019		34,000