Annual report pursuant to Section 13 and 15(d)

PATENTS AND DOMAIN NAME (Tables)

v3.3.1.900
PATENTS AND DOMAIN NAME (Tables)
12 Months Ended
Dec. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of patent and domain name costs capitalized and amortized
See the table below for a summary of patents (issued and pending) and domain name costs capitalized and amortized at December 31, 2015:
 
Total
Balance at December 31, 2013
$
380,000

Amortization
(20,000
)
Legal fees for pending patents
140,000

Balance at December 31, 2014
500,000

Amortization
(27,000
)
Legal fees for pending patents
342,000

Balance at December 31, 2015
$
815,000

Schedule of amortization expense
Amortization expense for the patents issued and the domain name for each of the five fiscal years through December 31, 2020 and thereafter is estimated as follows:
Years ending December 31,
 
2016
$
29,000

2017
29,000

2018
29,000

2019
29,000

2020
29,000

2021 and thereafter
207,000

Total amortization expense
$
352,000