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5. INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

NOTE 5. INTANGIBLE ASSETS

Intangible assets consist of Patents and Trademarks related to our Binary Ionization Technology. All of these assets were pledged as collateral for the convertible notes as described below in Note 6. The patents are being amortized over the estimated remaining lives of the related patents. The trademarks have an indefinite life. Amortization expense was $369,508 and $369,508 for the years ended December 31, 2017 and 2016, respectively.

Definite life intangible assets consist of the following:

		December 31, 2017				December 31, 2016
Intellectual Property and Patents		$	2,848,300			$	2,848,300
Less: Accumulated Amortization			1,739,768				1,370,260
Intangible Assets, net		$	1,108,532			$	1,478,040

Indefinite life intangible assets consist of the following:

Trademarks		$	440,000			$	440,000
Total Intangible Assets, net		$	1,548,532			$	1,918,040

Approximate amortization over the next five years is as follows:

Twelve Month Period Ending December 31,		Amount
2018		$	370,000
2019			370,000
2020			368,000
2021			-
2022			-
		$	1,108,000