Annual report pursuant to Section 13 and 15(d)

Intangibles, Net

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Intangibles, Net
12 Months Ended
Dec. 31, 2017
Intangibles, Net [Abstract]  
Intangibles, Net

Note 6—Intangibles, Net

 

Intangibles, net consisted of the following:

 

   

December 31,

2017

   

December 31,

2016

 
Patents   $ 80,000     $ 80,000  
Less accumulated amortization     (67,000 )     (60,000 )
Net   $ 13,000     $ 20,000  

 

This intangible asset is amortized over its remaining life. Amortization expense related to this intangible asset was $7,000 and $7,000 for the years ended December 31, 2017 and 2016, respectively.

 

Amortization expense on intangible assets for the years ending December 31, 2018 and December 31, 2019 will be $7,000 per year.

 

We continue to invest in our intellectually property portfolio and are actively filing for patent protection for our technology in both the United States and abroad. The costs, including legal, associated with compiling and filing patent applications are expensed in selling, general and administrative expenses as incurred.