INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

3. INTANGIBLE ASSETS

The SUGARDOWN® technology and patent applications are being amortized on a straight-line basis over their useful lives of 14 years.  Goodwill is not amortized, but is evaluated annually for impairment.

Intangible assets consist of the following at March 31, 2017 and December 31, 2016:

	2017			2016
SUGARDOWN® technology and patent applications	$	900,000		$	900,000
Less accumulated amortization		(412,500	)		(396,429	)
Intangible assets, net	$	487,500		$	503,571

Amortization expense was $16,071 and $16,071 for the three months ended March 31, 2017 and 2016, respectively.