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LICENSED TECHNOLOGY | 12 Months Ended
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Dec. 31, 2014
LICENSED TECHNOLOGY [Abstract] |
LICENSED TECHNOLOGY | NOTE 4 – LICENSED TECHNOLOGY On September 22, 2014, we entered into an exclusive, worldwide, licensing agreement with Licensor to obtain rights to utilize and to sub-license to other pharmaceuticals firms, its patented methods for the extraction of therapeutic biologics from human plasma. Licensed technology consists of the following:
|  | December 31, |
|  | 2014 |  |  | 2013 |
Licensed technology |  | $ | 5,000,000 |  |  | $ | - |
Less accumulated amortization |  |  | 9,000 |  |  |  | - |
Licensed technology, net |  | $ | 4,991,000 |  |  | $ | - |
Amortization on licensed technology was $9,000 and $0 for the years ended December 31, 2014 and 2013, respectively. The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2014 is as follows:
2015 |  | $ | 465 |
2016 |  |  | 465 |
2017 |  |  | 465 |
2018 |  |  | 465 |
2019 |  |  | 465 |
Thereafter |  |  | 2,666 |
Total |  | $ | 4,991 |

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