INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

This represents legal fees and patent fees associated with the prosecution of patent applications. The Company has recorded amortization expense on patents granted, which are amortized over the remaining legal life. Maintenance patent fees are paid to a government patent authority to maintain a granted patent in force. Some countries require the payment of maintenance fees for pending patent applications. Maintenance fees paid after a patent is granted are expensed, as these are considered ongoing costs to “maintain a patent”. Maintenance fees paid prior to a patent grant date are capitalized to patent costs, as these are considered “patent application costs”. No amortization expense has been recorded on the remaining patent applications since patents have yet to be granted.

Patents consist of the following:

	September 30, 2021		December 31, 2020
Patents	$	1,342,399	$	1,327,000
Less: Accumulated amortization		476,201		411,000
Intangible assets - net	$	866,198	$	916,000

Amortization expense for the nine months ending September 30, 2021 and 2020 was $65,202 and $62,562. Amortization expense for the three months ending September 30, 2021 and 2020 was $21,314 and $20,842. There were no patent costs written off for the three and nine months ending September 30, 2021 and 2020.