ALEXANDRIA, Va., Sept. 3 -- United States Patent no. 12,403,989, issued on Sept. 2, was assigned to D and M Asset Management LLC (Goodyear, Ariz.).

"Personal floatation device" was invented by Douglas J. Masi (Goodyear, Ariz.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A personal floatation system provides a horseshoe shaped float that is buoyant and can be used in a number or positions to float a person on the water and retain a beverage. The horseshoe shaped floatation device has a left and right armrest that extend out from an arced shaped closed end and dual cup holder, on the extended end of the armrest, has a cup cylinder to retain a beverage in the vertical orientation and an end cup holder to reta...