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INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of intangible assets

The following table sets forth the gross carrying amount and accumulated amortization of our intangible assets as of June 30, 2016 and December 31, 2015:

 

    June 30, 2016
    Gross
Carrying
Amount
  Accumulated Amortization   Net
Amount
  Weighted- Average Remaining Amortization Period (yrs.)
Amortizing intangible assets:                
OPERA® software patent   $ 31,951     $ (5,492 )   $ 26,459       13.25  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     954,817       (73,490 )     881,327       16.5  
Hormone therapy drug candidate patents (pending)     903,694             903,694       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks for vitamins/supplements     172,349             172,349       indefinite  
TOTAL   $ 2,154,554     $ (170,725 )   $ 1,983,829          

 

    December 31, 2015
    Gross
Carrying
Amount
  Accumulated Amortization   Net
Amount
  Weighted- Average Remaining Amortization Period (yrs.)
Amortizing intangible assets:                
OPERA® software patent   $ 31,951     $ (4,493 )   $ 27,458       13.75  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     705,752       (49,845 )     655,907       17  
Hormone therapy drug candidate patents (pending)     774,165             774,165       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks for vitamins/supplements     157,721             157,721       indefinite  
TOTAL   $ 1,761,332     $ (146,081 )   $ 1,615,251          

 

Schedule of estimated amortization expense

Estimated amortization expense for the next five years is as follows:

 

Year Ending December 31,   Estimated Amortization
2016 (6 months)   $ 26,819  
2017   $ 53,638  
2018   $ 53,638  
2019   $ 53,638  
2020   $ 53,638