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6. INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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 $2,422 and $93,347 for the three months ended March 31, 2021 and 2020, respectively.

Definite life intangible assets consist of the following:

		March 31, 2021 (Unaudited)				December 31, 2020
Intellectual Property and Patents		$	3,000,012			$	3,000,012
Less: Accumulated Amortization			2,859,413				2,856,991
Intangible Assets, net		$	140,599			$	143,021

Indefinite life intangible assets consist of the following:

Trademarks			579,895				579,895
Total Intangible Assets, net		$	720,494			$	722,916

Approximate future amortization is as follows:

Year Ended		Amount
April 1 – December 31, 2021		$	7,000
December 31, 2022			10,000
December 31, 2023			10,000
December 31, 2024			10,000
December 31, 2025			10,000
Thereafter			94,000
		$	141,000

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- References

No definition available.

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- 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

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