Quarterly report pursuant to Section 13 or 15(d)

PATENTS (Tables)

PATENTS (Tables)

3 Months Ended

Mar. 31, 2015

Accumulated amortization related to acquired intangible assets

The gross carrying amounts and accumulated amortization related to acquired intangible assets as of March 31, 2015 and December 31, 2014 are as follows:

	March 31,			December 31,
	2015			2014
Gross carrying amount – patents	$	6,340,000		$	6,310,000
Accumulated amortization – patents		(3,141,000	)		(2,728,000	)
Patents, net	$	3,199,000		$	3,582,000

Future amortization of current intangible assets, net

Amortization expense for the three months ended March 31, 2015 and March 31, 2014 was $413,000 and $409,000, respectively. Future amortization of current intangible assets, net is as follows:

Twelve Months Ended March 31,
2016	$	1,652,000
2017	$	439,000
2018	$	189,000
2019	$	189,000
2020 and thereafter	$	730,000
Total	$	3,199,000