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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
GOODWILL AND INTANGIBLE ASSETS  
Schedule of costs are being amortized

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Capitalized Licensing Fees

 

$

1,070,126

 

$

1,070,126

 

$

1,070,126

 

Accumulated Amortization

 

 

(1,065,744)

 

 

(904,469)

 

 

(737,440)

 

Capitalized Licensing Fees, Net of Amortization

 

$

4,382

 

$

165,657

 

$

332,686

 

Amortization Expense

 

$

161,275

 

$

167,029

 

$

167,029