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INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible assets | Intangible assets consisted of the following:
|  | December 31, |  |  | December 31, |
|  | 2016 |  |  | 2015 |
Patents |  | $ | 639,000 |  |  | $ | 1,630,000 |
Capitalized license costs |  |  | - |  |  |  | 200,000 |
Software |  |  | 113,540 |  |  |  | 113,540 |
Intangible assets |  |  | 752,540 |  |  |  | 1,943,540 |
Less: accumulated amortization |  |  | (112,100 | ) |  |  | (242,975 | )
Total intangible assets, net |  | $ | 640,440 |  |  | $ | 1,700,565 |
Schedule of future amortization expense | Future estimated amortization expenses as of December 31, 2016, for the five succeeding years and thereafter is as follows:
Years Ending December 31, |  | Amounts |
2017 |  | $ | 90,846 |
2018 |  |  | 70,893 |
2019 |  |  | 70,285 |
2020 |  |  | 70,285 |
2021 |  |  | 70,285 |
Thereafter |  |  | 267,846 |
|  | $ | 640,440 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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