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Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 8 – Intangible Assets

The Company’s intangible assets consist of Patents, Patent Pending Applications and Customer Contacts.

Provisional patent applications are not amortized until a patent has been granted. Once a patent is granted, the Company will amortize the related costs over the estimated useful life of the patent. If a patent application is denied, then the costs will be expensed at that time.

The following is a summary of definite-life intangible assets less accumulated amortization as of December 31, 2017 and 2016, respectively:

		Year Ended December 31,
		2017				2016

Provisional Patent Applications		$	254,570			$	183,574
Patents			59,701				59,701
Customer Contacts			262,009				262,009
Less: Accumulated Amortization			(281,884	)			(278,833	)

Net Intangible Assets		$	294,396			$	226,450

Amortization expense on intangible assets was $3,051 and $2,309 for the years ended December 31, 2017 and 2016.

The estimated aggregate amortization expense for each of the succeeding years ending December 31 is as follows:

2018			3,051
2019			3,051
2020			3,051
2021			3,051
Thereafter			27,622

		$	39,826