XML 120 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | NOTE 5 – Intangible Assets The Company’s intangible assets consist of Patents and Patent Pending Applications. 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. During 2018, the Company wrote off $37,649 of issued patent cost and $13,522 of related accumulated amortization along with $12,606 of provisional patent application cost as a result of the Company’s decision to abandon one patent and three pending patent applications that were specific to medical implants. In addition, $25,021 of cost related to the patent issued to us on June 19, 2018 was reclassified from provisional patent application to patent status and began to be amortized as of the date of issue. The following is a summary of definite-life intangible assets less accumulated amortization as of December 31, 2018 and 2017, respectively:
|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |
Provisional Patent Applications |  | $ | 366,353 |  |  | $ | 254,570 |
Patents |  |  | 47,073 |  |  |  | 59,701 |
Less: Accumulated Amortization |  |  | (8,448 | ) |  |  | (19,875 | )
Net Intangible Assets |  | $ | 404,978 |  |  | $ | 294,396 |
Amortization expense on intangible assets was $2,094 and $3,051 for the years ended December 31, 2018 and 2017. The estimated aggregate amortization expense for each of the succeeding years ending December 31 is as follows:
2019 |  |  | $ | 2,769 |
2020 |  |  |  | 2,769 |
2021 |  |  |  | 2,769 |
2022 |  |  |  | 2,769 |
Thereafter |  |  |  | 27,549 |
|  |  | $ | 38,625 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration