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Intangible Assets - Patents (Policies)
3 Months Ended
Mar. 31, 2016
Policies  
Intangible Assets - Patents

Intangible Assets - Patents

 

Patents include the cost of patents or patent rights (hereinafter, collectively “patents”), obtained from third-parties or obtained in connection with business combinations. Capitalized patent costs are amortized utilizing the straight-line method over their remaining economic useful lives, ranging from one to ten years. Certain patent application and prosecution costs incurred to secure additional patent claims, that based on management’s estimates are deemed to be recoverable, will be capitalized and amortized over the remaining estimated economic useful life of the related patent portfolio.