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Intangible Assets
6 Months Ended
Jun. 30, 2016
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
9. INTANGIBLE ASSETS

 

The intangible assets described in Note 8 are being amortized over their useful lives, which does not exceed the ten-year period ending December 31, 2025. Intangible amortization expense was $6,134 and $15,442 during the three-month and six-month periods ended June 30, 2016, respectively. A summary of intangible amortization expense estimated for the five years beginning January 1, 2016 and thereafter is as follows:

 

Period   Amount  
Six months ending December 31, 2016   $ 14,232  
Year ending December 31, 2017     37,306  
Year ending December 31, 2018     37,306  
Year ending December 31, 2019     12,444  
Year ending December 31, 2020     12,444  
After December 31, 2020     61,866  
Total   $ 175,598