Annual report pursuant to Section 13 and 15(d)

Intangible Assets

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Intangible Assets
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

    December 31,  
    2016     2015  
Trademarks   $ 17,580     $ 17,580  
Patents     132,661       132,661  
      150,241       150,241  
Less: accumulated amortization     (33,759 )     (23,444 )
Intangible assets, net   $ 116,482     $ 126,797  

 

Amortization expense related to intangible assets was $10,315 and $10,316 for the years ended December 31, 2016 and 2015, respectively.

 

The estimated future amortization expense is as follows:

 

For the Years Ended December 31,     Patents     Trademarks     Total  
2017     $ 7,804     $ 2,511     $ 10,315  
2018       7,804       2,511       10,315  
2019       7,804       2,511       10,315  
2020       7,804       1,144       8,948  
2021       7,804       -       7,804  
Thereafter       68,785       -       68,785  
      $ 107,805     $ 8,677     $ 116,482