XML 53 R11.htm IDEA: XBRL DOCUMENT v3.2.0.727
6. PATENTS
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
6. PATENTS

6.           Patents

 

In fiscal 2005, the Company started the patent process for additional WATER$AVR® products.  Patents associated with these costs were granted in 2006 and they have been amortized over their legal life of 17 years.

 

    June 30, 2015 Cost    

Accumulated

Amortization

    June 30, 2015 Net  
Patents   $ 212,357     $ 92,809     $ 119,548  
                         

 

   

December 31,

2014 Cost

   

Accumulated

Amortization

   

December 31,

2014 Net

 
Patents   $ 228,597     $ 91,193     $ 137,404  
                         

 

Decrease in 2015 cost was due to currency conversion.  June 30, 2015 cost in Canadian dollars - $265,102 (December 31, 2014 - $265,102 in Canadian dollars).

 

Amount of amortization for the six months ended June 30, 2015 - $8,202 (2014 - $9,237)

 

Estimated amortization expense over the next five years is as follows:

 

2015 $  16,404
2016     16,404
2017     16,404
2018     16,404
2019     16,404