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Intangible Assets
12 Months Ended
Dec. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets

5. Intangible Assets

Intangible assets consisted of the following:

 

                                                         
          December 31, 2012     December 31, 2011  
          Gross           Net     Gross           Net  
    Useful     Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
    Life     Amount     Amortization     Amount     Amount     Amortization     Amount  

Amortized:

                                                       

Domain names

    5 years     $ 139,431     $ (103,840   $ 35,591     $ 139,431     $ (91,943   $ 47,488  

Issued patents

    4-15 years       1,528,955       (362,032     1,166,923       1,500,192       (342,940     1,157,252  

Issued trademarks

    9-11 years       362,106       (101,561     260,545       293,183       (65,028     228,155  

Non-compete agreement

    5-7 years       —         —         —         150,000       (150,000     —    
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total amortized

            2,030,492       (567,433     1,463,059       2,082,806       (649,911     1,432,895  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Not amortized:

                                                       

TASER trademark

            900,000               900,000       900,000               900,000  

Patents and trademarks pending

            954,110               954,110       891,111               891,111  
           

 

 

           

 

 

   

 

 

           

 

 

 

Total not amortized

            1,854,110               1,854,110       1,791,111               1,791,111  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total intangible assets

          $ 3,884,602     $ (567,433   $ 3,317,169     $ 3,873,917     $ (649,911   $ 3,224,006  
           

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amortization expense relative to intangible assets was $0.1 million, $0.2 million and $0.1 million for the years ended December 31, 2012, 2011 and 2010, respectively. Estimated amortization for intangible assets with definitive lives for the next five years is as follows (year ended December 31):

 

         

2013

  $ 149,498  

2014

    148,582  

2015

    139,831  

2016

    132,760  

2017

    129,187  

Thereafter

    763,201  
   

 

 

 

Total

  $  1,463,059