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PATENT RIGHTS
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
PATENT RIGHTS

Note 3 — Patent Rights

    As of September 30,     As of December 31,  
    2017     2016  
    (unaudited)          
Gross carrying amount   $ 1,253,018     $ 1,253,018  
Less accumulated amortization     (698,799 )     (626,509 )
Patent Rights, Net   $ 554,219     $ 626,509  

 

Amortization expense was approximately $24,000 for the three months ended September 30, 2017 and 2016, and approximately $72,000 for the nine months ended September 30, 2017 and 2016. As of September 30, 2017, future remaining amortization expense is as follows: 

       
For the Year Ending December 31,      
  2017 (October 1 — December 31, 2017)   $ 24,097  
  2018     96,386  
  2019     96,386  
  2020     96,386  
  2021     96,386  
  Thereafter     144,578  
  Total   $ 554,219