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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

The following table sets forth the gross carrying amount, accumulated amortization and net carrying amount of our intangible assets as of September 30, 2015 and December 31, 2014:

 

    September 30, 2015
   

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 Net

Amount

  Weighted- Average Amortization Period (yrs.)
Amortizing intangible assets:                                
   OPERA® software patent   $ 31,951     $ (3,994 )   $ 27,957       14  
   Development costs of                                
      corporate website     91,743       (91,743 )     —         n/a  
   Approved hormone                                
      therapy drug                                
      candidate patents     605,502       (40,199 )     565,303       17.25  
Non-amortizing intangible                                
  assets:                                
   Hormone therapy drug                                
      candidate patents                                
      (pending)     585,241       —         585,241       n/a  
   Multiple trademarks for                                
      vitamins/supplements     145,783       —         145,783       indefinite  
      Total   $ 1,460,220     $ (135,936 )   $ 1,324,284          

 

   

 December 31, 2014

   

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 Net

Amount

  Weighted- Average Amortization Period (yrs.)
Amortizing intangible assets:                                
   OPERA® software patent   $ 31,951     $ (2,496 )   $ 29,455       14.75  
   Development costs of                                
      corporate website     91,743       (91,743 )     —         n/a  
   Approved hormone                                
      therapy drug                                
      candidate patents     439,184       (19,401 )     419,783       18  
Non-amortizing intangible                                
  assets:                                
   Hormone therapy drug                                
      candidate patents                                
      (pending)     675,982       —         675,982       n/a  
   Multiple trademarks for                                
      vitamins/supplements     103,368       —         103,368       indefinite  
      Total   $ 1,342,228     $ (113,640 )   $ 1,228,588          

 

Schedule of estimated amortization expense

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

 

Year Ending December 31,  Estimated Amortization
 2015 (3 months)   $8,692 
 2016   $34,768 
 2017   $34,768 
 2018   $34,768 
 2019   $34,768