Quarterly report pursuant to Section 13 or 15(d)

PATENTS (Tables)

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PATENTS (Tables)
6 Months Ended
Jun. 30, 2021
Patents  
The Company’s intangible assets at June 30, 2021 include patents with estimated remaining economic useful lives ranging from 0.25 to 12.25 years. For all periods presented, all of the Company’s patents were subject to amortization. The gross carrying amounts and accumulated amortization related to acquired intangible assets as of June 30, 2021 and December 31, 2020 were as follows:

The Company’s intangible assets at June 30, 2021 include patents with estimated remaining economic useful lives ranging from 0.25 to 12.25 years. For all periods presented, all of the Company’s patents were subject to amortization. The gross carrying amounts and accumulated amortization related to acquired intangible assets as of June 30, 2021 and December 31, 2020 were as follows:

    June 30, 2021     December 31, 2020  
Gross carrying amount – patents   $ 7,915,000     $ 7,848,000  
Accumulated amortization – patents     (6,417,000 )     (6,270,000 )
Patents, net   $ 1,498,000     $ 1,578,000  
Amortization expense for the three months ended June 30, 2021 and 2020 was $73,000 and $72,000, respectively. Amortization expense for the six months ended June 30, 2021 and 2020 was $147,000 and $144,000, respectively. Future amortization of intangible assets, net is as follows:

Amortization expense for the three months ended June 30, 2021 and 2020 was $73,000 and $72,000, respectively. Amortization expense for the six months ended June 30, 2021 and 2020 was $147,000 and $144,000, respectively. Future amortization of intangible assets, net is as follows:

                 
Twelve Months Ended June 30,  
  2022     $ 296,000  
  2023       296,000  
  2024       126,000  
  2025       86,000  
  2026 and thereafter       694,000  
  Total     $ 1,498,000