Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2018

Intangible Assets [Abstract]

Summary of intangible assets

							Weighted average
	September 30,			December 31,			amortization period
	2018			2017			(years)
Patents	$	4,020,000		$	4,000,000			9.8
Less: net monetization obligations		(509,811	)		(509,811	)
Imputed interest		(376,291	)		(376,291	)
Subtotal		3,133,898			3,113,898
Less: accumulated amortization		(983,850	)		(650,560	)
Net value of intangible assets	$	2,150,048		$	2,463,338			8.2

Summary of annual amortization expense

Year ended December 31,
2018	$	104,430
2019		417,719
2020		417,719
2021		413,658
2022 and thereafter		796,522
Total	$	2,150,048

Schedule of purchase price of the patents

	September 30, 2018			December 31,  2017
Current Liabilities:
Purchase price of patents, current portion		100,000		$	100,000
Unamortized discount
Non-current liabilities:
Purchase price of patents, long term		875,000		$	875,000
Unamortized discount		(123,321	)		(175,243	)
Total current and non-current		851,679			799,757
Effective interest rate of Amortized over 2-3 years					9.2-9.6	%