Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

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

Intangible assets consisted of the following:

 

    December 31,     December 31,  
    2017     2016  
Patents   $ 120,000     $ 639,000  
Software     113,540       113,540  
Intangible assets     233,540       752,540  
Less: accumulated amortization     (157,854 )     (112,100 )
Total intangible assets, net   $ 75,686     $ 640,440  
Schedule of future amortization expense

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

 

Years Ending December 31,   Amounts  
2018   $ 25,353  
2019     13,000  
2020     13,000  
2021     13,000  
2022     11,333  
    $ 75,686