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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2015
Intangible Assets  
Summary of the components of intangible asset balances

 

 

 

 

March 31, 
2015

 

December 31,
2014

 

 

 

(unaudited)

 

 

 

Patents — in use

 

$

168,383

 

$

238,548

 

Patents — in process

 

32,158

 

31,358

 

Internally developed software

 

148,967

 

148,967

 

 

 

349,508

 

418,873

 

Accumulated amortization

 

(162,824

)

(168,037

)

Total

 

$

186,684

 

$

250,836

 

 

Schedule of expected annual amortization expense related to intangible assets

 

 

Nine months ending December 31, 2015

 

$

26,489 

 

2016

 

18,016 

 

2017

 

10,538 

 

2018

 

10,538 

 

2019

 

10,538 

 

2020

 

10,538