Quarterly report pursuant to Section 13 or 15(d)

PATENTS (Tables)

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PATENTS (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Patents Tables Abstract  
Accumulated amortization related to acquired intangible assets

The gross carrying amounts and accumulated amortization related to acquired intangible assets as of June 30, 2018 and December 31, 2017 were as follows:

 

    June 30, 2018     December 31, 2017  
Gross carrying amount – patents   $ 7,625,000     $ 7,571,000  
Accumulated amortization – patents     (5,542,000 )     (5,402,000 )
Patents, net   $ 2,083,000     $ 2,169,000  
Future amortization of current intangible assets, net

Future amortization of intangible assets, net is as follows:

 

  

Twelve Months Ended June 30,

 
            2019   $ 275,000  
            2020     272,000  
            2021     272,000  
            2022     272,000  
            2023 and thereafter     992,000  
                             Total   $ 2,083,000