Note 3. Intangible and Fixed Assets

3 Months Ended

Mar. 31, 2019

Notes

Note 3. Intangible and Fixed Assets

On April 3, 2018, U.S. Patent #9,934,786, entitled “Speech Recognition and Transcription Among Users Having Heterogeneous Protocols,” was issued by the U.S. Patent and Trademark Office.  In accordance with 35 U.S.C. 154, the patent shall be for a term beginning April 3,

2018 and ending 20 years from the application date of the parent application (U.S. Patent #7,558,730) of November 27, 2001 or November 27, 2021.  The deferred costs were capitalized during the quarter ended June 30, 2018 and the Company began amortization.

Amortization at December 31, 2018 is as follows:

SCHEDULE OF INTANGIBLE ASSETS

Ended December 31, 2018
U.S. Patent #		Carrying Value		Amortization		Balance
7,558,730	$	58,277		44,574		13,703
7,949,534		3,365		2,426		939
8,131,557		5,092		3,568		1,524
8,498,871		21,114		13,715		7,399
9,142,217		35,068		18,882		16,186
9,934,786		4,575		936		3,639
	$	127,491	$	84,101	$	43,390

Amortization at March 31, 2019 is as follows:

Ended March 31, 2019
U.S. Patent #		Carrying Value		Amortization		Balance
7,558,730	$	58,277		45,747		12,530
7,949,534		3,365		2,504		861
8,131,557		5,092		3,699		1,393
8,498,871		21,114		14,348		6,766
9,142,217		35,068		20,231		14,837
9,934,786		4,575		1,248		3,327
	$	127,491	$	87,777	$	39,714

Amortization expense totaled $3,676 and $3,364 for the three months ended March 31, 2019 and 2018.  Estimated aggregate amortization expense for each of the next three years is as follows:

SCHEDULE OF FUTURE AMORTIZATION

Year ending March 31,
2019		11,026
2020		14,702
2021		13,986
	$	39,714

Fixed Assets

Fixed assets were fully depreciated in the period ending December 31, 2018.  

PROPERTY PLANT AND EQUIPMENT

		December 31, 2018
Computer equipment	$	6,627
Computer software		3,640
		10,267
Less accumulated depreciation		(10,267)
Property and Equipment, Net	$	0

		March 31, 2019		March 31, 2018
Computer equipment	$	6,627	$	6,627
Computer software		3,640		3,640
		10,267		10,267
Less accumulated depreciation		(10,267)		(10,267)
Property and Equipment, Net	$	0	$	0