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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 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 September 30, 2017 and December 31, 2016:

 

    September 30, 2017  
    Gross Carrying Amount     Accumulated Amortization    

Net

Amount

   

Weighted- Average

Remaining Amortization
Period (yrs.)

 
Amortizing intangible assets:                                
OPERA® software patent   $ 31,951     $ (7,988 )   $ 23,963       12  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     1,247,181       (153,216 )     1,093,965       15.25  
Hormone therapy drug candidate patents (pending)     1,474,061             1,474,061       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks     201,432             201,432       indefinite  
Total   $ 3,046,368     $ (252,947 )   $ 2,793,421          

  

    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(3 months)     $ 18,433  
  2018     $ 73,732  
  2019     $ 73,732  
  2020     $ 73,732  
  2021     $ 73,732  
  Thereafter     $ 804,567