Note 8 - Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8 - Intangible Assets

NOTE 8 – INTANGIBLE ASSETS

As of June 30, 2019, the intangible assets consist of the following:

	Estimated	June 30,
	Useful Life	2019
Technology licensing rights	2 years	$ 2,820,530
Total		2,820,530
Less accumulated amortization		(528,850)
Net intangible assets		$ 2,291,680

The technology licensing rights were acquired as part of an asset purchase agreement (see Note 5). The Company has an exclusive license to water extraction technology for two years and a non-exclusive license in perpetuity. For the six months ended June 30, 2019, the Company had amortization expense of $528,850.