Quarterly report pursuant to Section 13 or 15(d)

PATENTS (Tables)

v3.21.2
PATENTS (Tables)
9 Months Ended
Sep. 30, 2021
Patents  
The gross carrying amounts and accumulated amortization related to acquired intangible assets as of September, 2021 and December 31, 2020 were as follows

The include patents with estimated remaining economic useful lives ranging from 1.75 to 12 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 September, 2021 and December 31, 2020 were as follows

    September 30, 2021     December 31, 2020  
Gross carrying amount – patents   $ 7,934,000     $ 7,848,000  
Accumulated amortization – patents     (6,490,000 )     (6,270,000 )
Patents, net   $ 1,444,000     $ 1,578,000  
Future amortization of intangible assets, net is as follows:

Amortization expense for the three months ended September 30, 2021 and 2020 was $74,000 and $72,000, respectively. Amortization expense for the nine months ended September 30, 2021 and 2020 was $221,000 and $216,000, respectively. Future amortization of intangible assets, net is as follows:

                 
Twelve Months Ended September 30,  
  2022     $ 297,000  
  2023       297,000  
  2024       87,000  
  2025       87,000  
  2026 and thereafter       676,000  
  Total     $ 1,444,000