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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of intangible assets

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

 

    December 31, 2016  
    Gross Carrying Amount     Accumulated Amortization     Net
Amount
    Weighted- Average
Remaining
Amortization Period (yrs.)
 
Amortizing intangible assets:                                
OPERA® software patent   $ 31,951     $ (6,490 )   $ 25,461       12.75  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     1,093,452       (102,393 )     991,059       16  
Hormone therapy drug candidate patents (pending)     1,203,987             1,203,987       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks     185,465             185,465       indefinite  
TOTAL   $ 2,606,598     $ (200,626 )   $ 2,405,972          

 

 

    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-amortizable 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, based on current patent cost being amortized, for the next five years is as follows:

 

Year Ending
December 31,
    Estimated
Amortization
 
  2017     $ 63,938  
  2018     $ 63,938  
  2019     $ 63,938  
  2020     $ 63,938  
  2021     $ 63,938  
  Thereafter     $ 696,830