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INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 3 – INTANGIBLE ASSETS The carrying values of the Company’s finite-lived intangible assets were as follows: SCHEDULE OF FINITE LIVED INTANGIBLE ASSETS
|  | March 31, 2022 |  |  | December 31, 2021 |
|  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  |  |
|  | Cost |  |  | Amortization |  |  | Net |  |  | Cost |  |  | Amortization |  |  | Net |
Product Licenses |  | $ | 4,193,879 |  |  | $ | (671,051 | ) |  | $ | 3,522,828 |  |  | $ | 4,193,879 |  |  | $ | (586,541 | ) |  | $ | 3,607,338 |
Patents and Other IP |  |  | 1,610,111 |  |  |  | (571,772 | ) |  |  | 1,038,339 |  |  |  | 1,610,111 |  |  |  | (551,285 | ) |  |  | 1,058,826 |
Software and Other |  |  | 127,492 |  |  |  | (70,712 | ) |  |  | 56,780 |  |  |  | 127,492 |  |  |  | (65,686 | ) |  |  | 61,806 |
Total |  | $ | 5,931,482 |  |  | $ | (1,313,535 | ) |  | $ | 4,617,947 |  |  | $ | 5,931,482 |  |  | $ | (1,203,512 | ) |  | $ | 4,727,970 |
In March 2021, the Company issued 20,834 shares of its common stock to Rochal Industries, LLC (“Rochal”) for a $750,000 milestone payment required per the terms of a licensing agreement with Rochal. The payment became due upon the Company’s public offering of common stock in February 2021. The milestone payment was recorded as an addition to intangible assets. As of March 31, 2022, the weighted-average amortization period for all intangible assets was 12.7 years. Amortization expense related to intangible assets was $110,023 for the three months ended March 31, 2022 and $73,103 for the three months ended March 31, 2021. The estimated remaining amortization expense as of March 31, 2022 is as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE
Remainder of 2022 |  | $ | 327,655 |
2023 |  |  | 432,598 |
2024 |  |  | 432,598 |
2025 |  |  | 432,598 |
2026 |  |  | 415,342 |
2027 |  |  | 415,342 |
Thereafter |  |  | 2,161,814 |
Total |  | $ | 4,617,947 |
The Company has reviewed the carrying value of intangible assets and has determined there was no impairment on the Company’s intangible assets during either of the three months ended March 31, 2022 or 2021.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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