Annual report pursuant to Section 13 and 15(d)

Patents

v2.4.0.6
Patents
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Patents

 

 

  December 31,
  2011 2010
Capitalized patent costs $640,000 $640,000
Accumulated amortization (615,000) (592,000)
  $25,000 $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:

 

2012 $11,000
2013 4,000
2014 4,000
2015 4,000
2016 2,000