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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017 and December 31, 2016:

 

    March 31, 2017  
    Gross
Carrying
Amount
    Accumulated Amortization     Net
Amount
    Weighted-
Average
Remaining Amortization
Period (yrs.)
 
Amortizing intangible assets:                                
OPERA® software patent   $ 31,951     $ (6,989 )   $ 24,962       12.5  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     1,100,784       (117,993 )   $ 982,791       15.75  
Hormone therapy drug candidate patents (pending)     1,298,667             1,298,667       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks     190,940             190,940       indefinite  
Total   $ 2,714,085     $ (216,725 )   $ 2,497,360          

 

    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          

 

Schedule of estimated amortization expense

Estimated amortization expense for the next five years for the patent cost currently being amortized is as follows:

 

Year Ending
December 31,
    Estimated
Amortization
 
  2017(9 months)     $ 48,297  
  2018     $ 64,396  
  2019     $ 64,396  
  2020     $ 64,396  
  2021     $ 64,396  
  Thereafter     $ 701,872