Annual report pursuant to Section 13 and 15(d)

Intangible Assets

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Intangible Assets
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

    December 31,  
    2017     2016  
Trademarks   $ 17,581     $ 17,580  
Patents     132,661       132,661  
    $ 150,242       150,241  
Less: accumulated amortization     (44,075 )     (33,759 )
Intangible assets, net   $ 106,167     $ 116,482  

 

Amortization expense related to intangible assets was $10,315 for the years ended December 31, 2017 and 2016.

 

The estimated future amortization expense is as follows:

 

For the Years Ending December 31,   Patents     Trademarks     Total  
2018   $ 7,804     $ 2,511     $ 10,315  
2019     7,804       2,511       10,315  
2020     7,804       1,146       8,950  
2021     7,804       -       7,804  
2022     7,804       -       7,804  
Thereafter     60,979       -       60,979  
    $ 99,999     $ 6,168     $ 106,167