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Intangible Assets, Net
12 Months Ended
Dec. 31, 2017
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET
10.INTANGIBLE ASSETS, NET

 

Intangible assets from continuing operations as of December 31, 2017 and 2016 consist of the following:

 

  2017  2016 
Software copyright $1,794,981  $1,681,890 
Patent and others  3,191,300   2,990,234 
Total intangible assets $4,986,281   4,672,124 
         
Less: Accumulated amortization  (1,287,712)  (862,275)
Intangible assets, net $3,698,569  $3,809,849 

 

Amortization expense from the Company’s continuing operations was $353,971, $363,190 and $312,821 for the years ended December 31, 2017, 2016, and 2015, respectively. No amortization expense was recorded from the Company’s discontinued operations for the years ended December 31, 2016, and 2015, respectively.

 

The Company did not record any impairment on its intangible assets from its continuing operations for the years ended December 31, 2017, 2016 and 2015. The Company recorded impairment of $18,447 and $nil from its discontinued operations for the years ended December 31, 2016, and 2015.

 

Annual future amortization expense is expected as follows:

 

For the years ended:

2018 $365,340 
2019  365,340 
2020  365,340 
2021  365,340 
2022  365,340 
2023 and thereafter  1,871,869 
  $3,698,569