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5. INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5. INTANGIBLE ASSETS

Intangible assets consist of patents and trademarks related to our Binary Ionization Technology. We amortize the patents over the estimated remaining lives of the related patents. The trademarks have an indefinite life. Amortization expense was $92,377 and $92,377 for the three months ended March 31, 2018 and 2017, respectively.

Definite life intangible assets consist of the following:

		March 31, 2018 (Unaudited)				December 31, 2017
Intellectual Property and Patents		$	2,848,300			$	2,848,300
Less: Accumulated Amortization			1,832,145				1,739,768
Intangible Assets, net		$	1,016,155			$	1,108,532

Indefinite life intangible assets consist of the following:

Trademarks		$	440,000			$	440,000
Total Intangible Assets, net		$	1,456,155			$	1,548,532

Approximate amortization over the next five years is as follows:

Twelve Month Period Ending March 31,		Amount
2019		$	370,000
2020			370,000
2021			276,000
2022			-
2023			-
		$	1,016,000

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- References

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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