INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

The SUGARDOWN® technology and patent applications, which were obtained through the acquisition of BTI in 2010, are being amortized on a straight-line basis over their estimated useful lives of 14 years. The BTI-420 technology and patent applications, which were obtained through the acquisition of CureDM in 2018, are being amortized on a straight-line basis over their estimated useful lives of 5 years.

Intangible assets consist of the following at September 30, 2018 and December 31, 2017:

	2018			2017
SUGARDOWN® technology and patent applications	$	1,819,827		$	900,000
Less accumulated amortization		(1,265,674	)		(460,714	)
Intangible assets, net	$	554,153		$	439,286

Amortization expense was $39,570 and $16,071 for the three months ended September 30, 2018 and 2017, respectively. Amortization expense was $119,255 and $48,214 for the nine months ended September 30, 2018 and 2017, respectively.