INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2019

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 March 31, 2019 and December 31, 2018:

	2019			2018
SUGARDOWN® technology and patent applications	$	1,134,122		$	1,134,122
Less accumulated amortization		(657,360	)		(618,910	)
Intangible assets, net	$	476,762		$	515,212

Amortization expense was $38,450 and $39,918 for the three months ended March 31, 2019 and 2018, respectively.