Annual report pursuant to Section 13 and 15(d)

Patents and Other Assets

v2.4.0.8
Patents and Other Assets
12 Months Ended
Dec. 31, 2013
Patents and Other Assets [Text Block]

Note 6. Patents and Other Assets

Patents represent legal fees and filing costs that are capitalized and amortized over their estimated useful lives of 17 to 20 years or their remaining legal lives, whichever is shorter, after they are placed in service. There were no patents placed in service for the years ended December 31, 2013 and 2012. In both 2013 and 2012, we capitalized approximately $0.1 million for patent filing costs, for a total investment in patents of approximately $0.7 million and $0.6 million as of December 31, 2013 and 2012, respectively.

No amortization expense of patents was recorded in either of the years ended December 31, 2013 and 2012. These patents were not placed in service for the years ended December 31, 2013 and 2012, or in prior years.

Security deposits of approximately $0 and $0.1 million at December 31, 2013 and 2012, respectively, represent the security deposit placed on the McLean, Virginia corporate offices. The security deposit at December 31, 2013 and 2012, is reported under the caption prepaid expenses and other current assets.