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INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of intangible assets

The following table sets forth the gross carrying amount and accumulated amortization of our intangible assets as of March 31, 2016 and December 31, 2015:

 

    March 31, 2016
    Gross
Carrying
Amount
  Accumulated Amortization   Net Amount   Weighted- Average Remaining Amortization Period (yrs.)
Amortizing intangible assets:                
OPERA® software patent   $ 31,951     $ (4,993 )   $ 26,958       13.5  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     779,777       (60,579 )   719,198       16.75  
Hormone therapy drug candidate patents (pending)     787,149             787,149       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks for vitamins/supplements     161,241             161,241       indefinite  
Total   $ 1,851,861     $ (157,315 )   $ 1,694,546          

 

    December 31, 2015
    Gross
Carrying Amount
  Accumulated Amortization   Net Amount   Weighted- Average Remaining Amortization Period (yrs.)
Amortizing intangible assets:                
OPERA® software patent   $ 31,951     $ (4,493 )   $ 27,458       13.75  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     705,752       (49,845 )     655,907       17  
Hormone therapy drug candidate patents (pending)     774,165             774,165       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks for vitamins/supplements     157,721             157,721       indefinite  
Total   $ 1,761,332     $ (146,081 )   $ 1,615,251          

Schedule of estimated amortization expense

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

 

Year Ending December 31,   Estimated
Amortization
2016 (9 months)     $ 33,701  
2017     $ 44,934  
2018     $ 44,934  
2019     $ 44,934  
2020     $ 44,934