Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.19.1
Intangible Assets
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

5. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

    December 31,  
    2018     2017  
Trademarks   $ 17,581     $ 17,581  
Patents     132,661       132,661  
      150,242       150,242  
Less: accumulated amortization     (54,390 )     (44,075 )
Intangible assets, net   $ 95,852     $ 106,167  

 

Amortization expense related to intangible assets was $10,315 for the years ended December 31, 2018 and 2017.

 

The estimated future amortization expense is as follows:

 

For the Years Ending December 31,   Patents     Trademarks     Total  
2019   $ 7,804     $ 2,511     $ 10,315  
2020     7,804       1,146       8,950  
2021     7,804       -       7,804  
2022     7,804       -       7,804  
2023     7,804       -       7,804  
Thereafter     53,175       -       53,175  
    $ 92,195     $ 3,657     $ 95,852