Quarterly report pursuant to Section 13 or 15(d)

Patents

 v2.3.0.11
Patents
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Patents

Note 2 – Patents

 

    June 30, 2011   December 31, 2010
Capitalized patent costs   $ 640,000     $ 640,000  
Accumulated amortization     (606,000 )     (592,000 )
    $ 34,000     $ 48,000  

 

Periodically, the Company reviews its patent portfolio and has determined that certain patent applications no longer possessed commercial viability or were abandoned since they were inconsistent with the Company's business development strategy.

 

The following table presents expected future amortization of patent costs that may change according to the Company's amortization policy upon additional patents being issued or allowed:

 

2011   $ 23,000  
2012     11,000  
2013     4,000  
2014     4,000  
2015     4,000