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Intangible Assets
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4. Intangible Assets

 

As of June 30, 2021, intangible assets consist of patent costs of $768,138, trademarks of $121,661 and accumulated amortization of $490,043.

 

As of December 31, 2020, intangible assets consist of patent costs of $768,138, trademarks of $119,911 and accumulated amortization of $457,833.

 

 

Barfresh Food Group Inc.

Notes to Condensed Consolidated Financial Statements

June 30, 2021

(Unaudited)

 

The amounts carried on the balance sheet represent cost to acquire, legal fees and similar costs relating to the patents incurred by the Company. Amortization is calculated through the expiration date of the patents, which is December 2025. The amount charged to amortization was $16,105 and $15,902 for the three months ended June 30, 2021 and 2020, respectively, and $32,210 and $31,805 for the six months ended June 30, 2021 and 2020, respectively.

 

Estimated future amortization expense related to patents as of June 30, 2021, is as follows:

 

 

   Total Amortization 
Years ending December 31,     
2021  $32,211 
2022   64,421 
2023   64,421 
2024   64,219 
2025   52,823 
Intangible asset, net of amortization  $278,095