Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets consisted of the following:

  

    March 31,     December 31,  
    2017     2016  
Patents   $ 639,000     $ 639,000  
Software     113,540       113,540  
Total intangible assets     752,540       752,540  
Less: Accumulated amortization     (142,527 )     (112,100 )
Total intangible assets, net   $ 610,013     $ 640,440  
Schedule of future amortization expense

Future estimated amortization expenses as of March 31, 2017 for the five succeeding years is as follows:

 

For the three months ending March 31, 2017,   Amounts  
2017 (includes the remainder of the year)   $ 72,612  
2018     73,433  
2019     70,285  
2020     70,285  
2021     70,285  
Thereafter     253,113  
    $ 610,013