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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The following table sets forth the gross carrying amount and accumulated amortization of our intangible assets as of June 30, 2014 and December 31, 2013:

 

   June 30, 2014 
   Gross Carrying Amount   Accumulated Amortization   Net
Amount
   Weighted- Average Remaining Amortization Period (yrs.) 
Amortizing intangible assets:                    
                     
OPERA® software patent  $31,951   $(1,498)  $30,453    15.25 
                     
Development costs of corporate website   91,743    (91,743)       n/a 
                     
Approved hormone therapy drug candidate patents   387,806    (8,489)   379,317    18.75 
                     
Non-amortizing intangible assets:                    
                     
Hormone therapy drug candidate patents (pending)   381,369        381,369    n/a 
                     
Multiple trademarks for vitamins/supplements   75,968        75,968    n/a 
 Total  $968,837   $(101,730)  $867,107      

 

   December 31, 2013 
   Gross Carrying Amount   Accumulated Amortization   Net
Amount
   Weighted- Average Remaining Amortization Period (yrs.) 
Amortizing intangible assets:                    
                     
OPERA® software patent  $31,951   $(499)  $31,452    15.8 
                     
Development costs of corporate website   91,743    (89,661)   2,082    0.3 
                     
Non-amortizing intangible assets:                    
                     
Hormone therapy drug candidate patents (pending)   572,726        572,726    n/a 
                     
Multiple trademarks for vitamins/supplements   59,328        59,328    n/a 
 Total  $755,748   $(90,160)  $665,588      
Schedule of estimated amortization expense

Estimated amortization expense for the next five years is as follows:

 

Year Ending
December 31,
  Estimated
Amortization
 
2014 (6 months)  $11,250 
2015  $22,500 
2016  $22,500 
2017  $22,500 
2018  $22,500