| OTHER INTANGIBLE ASSETS, NET |
NOTE
3 - OTHER INTANGIBLE ASSETS, NET
A
summary of other intangible assets follows:
| |
|
|
|
February 2, 2020 |
|
| |
|
Estimated Life |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
carrying
amount |
|
| Patents |
|
10 Years |
|
$ |
1,965,794 |
|
|
$ |
(846,898 |
) |
|
$ |
1,118,896 |
|
| Trademarks
|
|
3 Years |
|
|
982,800 |
|
|
|
(749,535 |
) |
|
|
233,265 |
|
| Other intangibles |
|
5 Years |
|
|
839,737 |
|
|
|
(839,737 |
) |
|
|
- |
|
| Total |
|
|
|
$ |
3,788,331 |
|
|
$ |
(2,436,170 |
) |
|
$ |
1,352,161 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
February 3, 2019 |
|
| |
|
Estimated Life |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
carrying
amount |
|
| Patents |
|
10 Years |
|
$ |
1,406,336 |
|
|
$ |
(744,715 |
) |
|
$ |
661,621 |
|
| Trademarks |
|
3 Years |
|
|
868,586 |
|
|
|
(589,248 |
) |
|
|
279,338 |
|
| Other intangibles |
|
5 Years |
|
|
839,737 |
|
|
|
(838,365 |
) |
|
|
1,372 |
|
| Total |
|
|
|
$ |
3,114,659 |
|
|
$ |
(2,172,328 |
) |
|
$ |
942,331 |
|
Amortization
expense on other intangible assets was $263,842 in fiscal 2020 and $198,549 in fiscal 2019.
Expected
amortization expense by fiscal year for these other intangible assets follows:
| 2021 |
|
$ |
282,716 |
|
| 2022 |
|
|
242,086 |
|
| 2023 |
|
|
136,870 |
|
| 2024 |
|
|
132,973 |
|
| 2025 |
|
|
132,917 |
|
| Thereafter |
|
|
424,599 |
|
| |
|
$ |
1,352,161 |
|
|