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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2017 and December 31, 2016:

 

    June 30, 2017  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
    Weighted-
Average
Remaining
Amortization
Period (yrs.)
 
Amortizing intangible assets:                                
OPERA® software patent   $ 31,951     $ (7,488 )   $ 24,463       12.25  
Development costs of  corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     1,207,267       (135,282 )   $ 1,071,985       15.5  
Hormone therapy drug candidate patents (pending)     1,444,581             1,444,581       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks     198,657             198,657       indefinite  
Total   $ 2,974,199     $ (234,513 )   $ 2,739,686          

  

    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(6 months)     $ 35,579  
  2018     $ 71,157  
  2019     $ 71,157  
  2020     $ 71,157  
  2021     $ 71,157  
  Thereafter     $ 776,241