INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

	June 30,			December 31,
	2019			2018
Patents	$	150,174		$	111,160
Trademarks		38,397			8,910
		188,571			120,070
Accumulated amortization		(1,742	)		(1,355	)
	$	186,829		$	118,715

The costs related to issued patents will be amortized using the straight-line method over the estimated remaining lives of issued patents which is 20 years from the initial filing. An impairment charge is recognized if the carrying amount is not recoverable and the carrying amount exceeds the fair value of the intangible assets as determined by projected discounted net future cash flows.

Amortization expense was $203 and $387 for the three and six months ended June 30, 2019. There was no amortization for the three or six months ended June 30, 2018.