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Intangible Assets
 6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4 Intangible Assets

 

Intangible assets (patents) consisted of the following at June 30, 2017 and December 31, 2016:

 

    June 30, 2017     December 31, 2016  
    (Unaudited)     (Audited)  
             
Patents   $ 171,354     $ 134,919  
Less: Impairment Charges     —       —  
Less: Accumulated Amortization     (33,681 )     (28,577 )
Patents net   $ 137,673     $ 106,342  

 

Amortization expense associated with patents amounted to $2,828 and $5,105 for the three-months and six-months ended June 30, 2017, respectively; and $1,902 and $3,679 for the six-months ended June 30, 2016, respectively.

 

At June 30, 2017, future amortization of intangible assets for the years ending follows:

 

Year Ending December 31:        
2017     $ 5,759  
2018       11,424  
2019       11,424  
2020       11,455  
2021       11,424  
  2022 and Thereafter     86,187  
      $ 137,673  

 

Actual amortization expense in future periods could differ from these estimates as a result of future acquisitions, divestitures, impairments and other factors.