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Intangible Assets | 12 Months Ended
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Dec. 31, 2016
Intangible Assets [Abstract] |
INTANGIBLE ASSETS |
9. | INTANGIBLE ASSETS
The intangible assets described in Note 8 are being amortized to cost of goods sold over their useful lives, which are estimated to be 10 years. Intangible amortization expense was $19,104 during the year ended December 31, 2016. The net value of these intangibles was $171,936 as of December 31, 2016. A summary of intangible amortization expense estimated for the five years beginning January 1, 2017 and thereafter is as follows:
Period |  | Amount |
Year ending December 31, 2017 |  | $ | 19,104 |
Year ending December 31, 2018 |  | $ | 19,104 |
Year ending December 31, 2019 |  | $ | 19,104 |
Year ending December 31, 2020 |  | $ | 19,104 |
Year ending December 31, 2021 |  | $ | 19,104 |
After December 31, 2021 |  | $ | 76,416 |
Total |  | $ | 171,936 |
Intangible assets as of December 31, 2016 consisted of the following:
| As of December 31, 2016
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Book Value |
Developed technology |  | $ | 184,100 |  |  | $ | (18,410 | ) |  | $ | 165,690 |
Customer relationships |  |  | 1,300 |  |  |  | (130 | ) |  |  | 1,170 |
Non-compete agreements |  |  | 5,640 |  |  |  | (564 | ) |  |  | 5,076 |
Total |  | $ | 191,040 |  |  | $ | (19,104 | ) |  | $ | 171,936

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