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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
INTANGIBLE ASSETS  
Schedule of components of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

 

    

Gross Carrying

    

Accumulated

    

Gross Carrying

    

Accumulated

 

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

 

$

437,199

 

$

(103,238)

 

$

410,053

 

$

(81,248)

 

License

 

 

50,000

 

 

(45,834)

 

 

50,000

 

 

(42,709)

 

 

 

$

487,199

 

$

(149,072)

 

$

460,053

 

$

(123,957)

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

Aggregate amortization expense:

 

 

 

 

 

 

 

For the years ended December 31

 

$

25,115

 

$

25,040

 

 

Schedule of estimated amortization expense

 

 

 

 

 

2017

    

$

26,000

 

2018

 

 

24,000

 

2019

 

 

22,000

 

2020

 

 

22,000

 

2021

 

 

22,000