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Patents
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents

7. 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, 2020

Cost

    Accumulated
Amortization
   

June 30, 2020

Net

 
Patents   $ 194,532     $ 156,176     $ 38,356  

 

   

December 31, 2019

Cost

    Accumulated
Amortization
   

December 31, 2019

Net

 
Patents   $ 204,102     $ 157,526     $ 46,576  

 

The decrease in the carrying amount of patents is primarily due to foreign currency translation effects. The 2020 cost in Canadian dollars - $265,102 (2019 - $265,102 in Canadian dollars).

 

Amount of amortization for 2020 - $8,219 (2019 - $8,219) and is included in cost of sales in the consolidated statements of operations and comprehensive income.

 

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

 

2020   $ 16,438  
2021     16,438  
2022     13,700