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Intangible Assets
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 4 INTANGIBLE ASSETS

 

Intangible assets (patents) consisted of the following:

 

    (Unaudited)
March 31, 2018
  (Audited)
December 31, 2017
         
Patents   $ 269,510     $ 244,382  
Less: Impairment Charges     —         —    
Less: accumulated amortization     (44,458 )     (39,970 )
Total, net   $ 225,052     $ 204,412  

 

Amortization expense on intangible assets amounted to $4,488 and $2,276 for the three-months ended March 31, 2018 and 2017, respectively.

 

Assuming no impairment, the following table sets forth the estimated amortization expense for future periods based on recorded amounts as at March 31, 2018:

  

Year Ending December 31    
  2018     $ 17,951  
  2019       17,951  
  2020       17,951  
  2021       17,951  
  2022       17,951  
  2023 and Thereafter       135,298  
  Total      $ 225,052  

  

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