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Intangible Assets
9 Months Ended
Sep. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. Intangible assets

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

 

            September 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       $ (112,763   $ 26,668       $ 139,431       $ (103,840   $ 35,591   

Issued patents

     4 to 15 Years         1,559,484         (429,165     1,130,319         1,528,955         (362,032     1,166,923   

Issued trademarks

     9 to 11 Years         421,789         (134,719     287,070         362,106         (101,561     260,545   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortized

        2,120,704         (676,647     1,444,057         2,030,492         (567,433     1,463,059   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Not amortized:

                  

TASER trademark

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

Patents and trademarks pending

        1,016,298           1,016,298         954,110           954,110   
     

 

 

      

 

 

    

 

 

      

 

 

 

Total not amortized

        1,916,298           1,916,298         1,854,110           1,854,110   
     

 

 

      

 

 

    

 

 

      

 

 

 

Total intangible assets

      $ 4,037,002       $ (676,647   $ 3,360,355       $ 3,884,602       $ (567,433   $ 3,317,169   
     

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Amortization expense relative to intangible assets for the three and nine months ended September 30, 2013 was approximately $39,000 and $115,000, respectively. Amortization expense relative to intangible assets for the three and nine months ended September 30, 2012 was approximately $36,000 and $104,000, respectively.

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

 

2013 (remaining three months)

   $ 39,434   

2014

     156,818   

2015

     148,068   

2016

     140,997   

2017

     137,424   

2018

     127,828   

Thereafter

     693,488   
  

 

 

 

Total

   $ 1,444,057