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6. PATENTS
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
6. PATENTS

6.           Patents

 

   

2015
Cost

   

Accumulated
Amortization

   

2015
Net

 
Patents   $ 191,698     $ 91,075     $ 100,623  

  

   

2014
Cost

   

Accumulated
Amortization

   

2014
Net

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

 

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

 

Amount of amortization for 2015: $15,867 (2014: $18,348) and is included in cost of sales in the consolidated statements of operations and comprehensive income (loss).

 

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

 

2016   $ 14,640  
2017     14,640  
2018     14,640  
2019     14,640  
2020     14,640