Quarterly report pursuant to Section 13 or 15(d)

Amortizable intangible assets (Notes)

v2.4.0.8
Amortizable intangible assets (Notes)
9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
Intangible assets other than goodwill

As of September 30, 2013 the Company has the following amounts related to intangible assets:

 
Gross Carrying Amount
 
Accumulated Amortization
Patent costs
$
411,181

 
$
33,516

Product certifications
372,046

 
76,135

Developed technology
240,000

 
8,971

 
$
1,023,227

 
$
118,622



The aggregate amortization expense of the Company's intangible assets for the nine months ended September 30, 2013 and 2012 was $24,247 and $15,457, respectively.

Estimated future annual amortization expense related to the intangible assets is as follows:

2013
 
$
24,581

2014
 
111,945

2015
 
111,945

2016
 
111,945

2017
 
111,945

Thereafter
 
432,244

 
 
$
904,605