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Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. Intangible assets

Intangible assets consisted of the following at June 30, 2013 and December 31, 2012:

 

            June 30, 2013      December 31, 2012  
            Gross            Net                      
            Carrying      Accumulated     Carrying      Gross Carrying      Accumulated     Net Carrying  
     Useful Life      Amount      Amortization     Amount      Amount      Amortization     Amount  

Amortized:

                  

Domain names

     5 Years       $ 139,431       $ (109,789   $ 29,642       $ 139,431       $ (103,840   $ 35,591   

Issued patents

     4 to 15 Years         1,553,951         (404,770     1,149,181         1,528,955         (362,032     1,166,923   

Issued trademarks

     9 to 11 Years         404,524         (122,958     281,566         362,106         (101,561     260,545   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortized

        2,097,906         (637,517     1,460,389         2,030,492         (567,433     1,463,059   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Not amortized:

                  

TASER trademark

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

Patents and trademarks pending

        972,132           972,132         954,110           954,110   
     

 

 

      

 

 

    

 

 

      

 

 

 

Total not amortized

        1,872,132           1,872,132         1,854,110           1,854,110   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

      $ 3,970,038       $ (637,517   $ 3,332,521       $ 3,884,602       $ (567,433   $ 3,317,169   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense relative to intangible assets for the three and six months ended June 30, 2013 was approximately $38,000 and $76,000, respectively. Amortization expense relative to intangible assets for the three and six months ended June 30, 2012 was approximately $34,000 and $68,000, respectively.

Estimated amortization expense of intangible assets for the remaining six months of 2013, the next five years ended December 31, and thereafter is as follows:

 

2013 (remaining six months)

   $ 77,524   

2014

     154,131   

2015

     145,380   

2016

     138,309   

2017

     134,736   

2018

     125,139   

Thereafter

     685,170   
  

 

 

 

Total

   $ 1,460,389