Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Patents

v2.4.0.6
Note 2 - Patents
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 2 - Patents

 

    June 30, 2012     December 31, 2011  
Capitalized patent costs   $ 640,000     $ 640,000  
Accumulated amortization     (624,000 )     (615,000 )
    $ 16,000     $ 25,000  

 

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 as of December 31, 2011 that may change according to the Company's amortization policy upon additional patents being issued or allowed:

 

2012     12,000
2013     4,000
2014     4,000
2015     4,000
2016     1,000