Patent Rights

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

PATENT RIGHTS

Note 3 — Patent Rights 

	As of June 30,			As of December 31,
	2020			2019
	(unaudited)
Gross carrying amount	$	1,253,018		$	1,253,018
Less accumulated amortization		(963,860	)		(915,667	)
Patent Rights, Net	$	289,158		$	337,351

Amortization expense was approximately $24,000 for the three months ended June 30, 2020 and 2019, and approximately $48,000 for the six months ended June 30, 2020 and 2019. As of June 30, 2020, future remaining amortization expense is as follows:

Year
2020 (July 1 – December 31, 2020)	$	48,193
2021		96,386
2022		96,386
2023		48,193
Total	$	289,158