| OTHER INTANGIBLE ASSETS, NET |
Note 3 – Other
Intangible Assets, Net
A summary of other intangible
assets follows:
| |
|
|
|
|
February 3, 2019 |
|
| |
|
|
|
|
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 |
|
| |
|
|
|
February 4,
2018 |
|
| |
|
Estimated
Life |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net
Carrying Amount |
|
| Patents |
|
10 Years |
|
$ |
1,056,604 |
|
|
$ |
(674,660 |
) |
|
$ |
381,944 |
|
| Trademarks |
|
3 Years |
|
|
603,807 |
|
|
|
(500,763 |
) |
|
|
103,044 |
|
| Other Intangibles |
|
5 Years |
|
|
839,738 |
|
|
|
(798,356 |
) |
|
|
41,382 |
|
| Total |
|
|
|
$ |
2,500,149 |
|
|
$ |
(1,973,779 |
) |
|
$ |
526,370 |
|
Amortization expense on other
intangible assets was $198,549 in fiscal 2019 and $218,308 in fiscal 2018.
Expected amortization expense
by fiscal year for these other intangible assets follows:
| 2020 |
|
|
196,960 |
|
| 2021 |
|
|
176,690 |
|
| 2022 |
|
|
136,465 |
|
| 2023 |
|
|
75,466 |
|
| 2024 |
|
|
75,396 |
|
| Thereafter |
|
|
281,354 |
|
| |
|
$ |
942,331 |
|
|