INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2019

Intangible Assets

Schedule of intangible assets, net

The following table summarizes the estimated fair values as of June 30, 2019 of the identifiable intangible assets acquired, their useful life, and method of amortization:

	Estimated Fair Value			Remaining Estimated Useful Life (Years)		Six Months Amortization Expense
Intellectual Property	$	814,582			13.91	$	20,412
Patents		1,258,307			13.83		18,317
In-process research and development technology		14,460,000			13.83		172,143
Total	$	16,532,889				$	210,872
Less: accumulated amortization		(398,606	)
Intellectual property and patents, net		16,134,283
Less: pending patents not subject to amortization		(279,779	)
Net intangible assets subject to amortization	$	15,854,504

Schedule of future amortization expense

The estimated aggregate amortization expense over each of the next five years is as follows:

2019	$	575,730
2020		1,150,584
2021		1,150,584
2022		1,150,584
2023		1,150,584
Thereafter		10,676,438
Total Amortization	$	15,854,504