PATENTS |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NOTE C - PATENTS |
The Companys intangible assets at September 30, 2015 include patents with estimated remaining economic useful lives ranging from 0.75 to 6 years. For all periods presented, all of the Companys patents were subject to amortization. The gross carrying amounts and accumulated amortization related to acquired intangible assets as of September 30, 2015 and December 31, 2014 are as follows:
Amortization expense for the three months ended September 30, 2015 and September 30, 2014 was $413,000 and $408,000, respectively. Amortization expense for the nine months ended September 30, 2015 and September 30, 2014 was $1,239,000 and $1,226,000, respectively. Future amortization of current intangible assets, net is as follows:
The Companys Remote Power Patent expires in March 2020. The expiration dates of the patents within the Companys Mirror Worlds Patent Portfolio range from June 2016 to February 2020. The expiration dates of the patents within the Cox Patent Portfolio range from September 2021 to November 2023 and the expiration date of the QoS Patents is June 2019. |