INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 4. INTANGIBLE ASSETS

 

Amortization is computed using the straight-line method and is recognized over the estimated useful lives of the intangible assets, which range from 1 to 15 years. Amortization expense was $81,044 and $25,341 for the three months ended March 31, 2018 and 2017 respectively. Intangible assets at March 31, 2018 and December 31, 2017 consisted of the following:

 

   March 31, 2018  December 31, 2017
Patents  $4,505,489   $4,505,489 
Technology rights   200,000    200,000 
Intangible, at cost   4,705,489    4,705,489 
Less: Accumulated amortization   (461,426)   (380,382)
Net Carrying Amount  $4,244,063   $4,325,107