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Re: None

Monday, 01/30/2017 5:30:59 PM

Monday, January 30, 2017 5:30:59 PM

Post# of 1702
Lifeloc Patent Information from the annual report:

2015 2014

Patents issued $22,775 $22,775
Patent applications $102,802 $74,634
Accumulated amortization (23,325) (17,053)
Total net patents $102,252 $80,356

If we are to assume an average patent cost is $10,000 it looks like LCTC has about 10 patent pending applications in 2015. Hopefully some of those are relating to the marijuana breathalyzer but I wouldn't be able to know that. They may have also applied for more in 2016, but that info is not available until the next annual report comes out.

If anyone else has other patent information that may be useful feel free to share. Thanks.
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