PATENT RIGHTS

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

PATENT RIGHTS

Note 3 — Patent Rights

	As to September 30,			As of December 31,
	2016			2015
	(unaudited)
Gross carrying amount	$	1,253,018		$	1,253,018
Less accumulated amortization		(602,413	)		(530,123	)
Patent Rights, Net		650,605			722,895

Amortization expense was approximately $24,000 for both the three months ended September 30, 2016 and 2015, and $72,000 for both the nine months ended September 30, 2016 and 2015. As of September 30, 2016 and December 31, 2015, future remaining amortization expense is as follows:

For the Year Ending December 31,	As of September 30, 2016		As of December 31, 2015
2016		24,096	$	96,386
2017		96,386		96,386
2018		96,386		96,386
2019		96,386		96,386
2020		96,386		96,386
Thereafter		240,965		240,965
Total	$	650,605	$	722,895