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INTANGIBLE ASSETS, NET (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2016 and December 31, 2015:

 

    September 30, 2016  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
    Weighted-
Average
Remaining
Amortization
Period (yrs.)
 
Amortizing intangible assets:                                
OPERA® software patent   $ 31,951     $ (5,991 )   $ 25,960       13  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     959,059       (86,907 )     872,152       16.25  
Hormone therapy drug candidate patents (pending)     1,037,829             1,037,829       n/a  
Non-amortizing intangible assets:                                
Multiple trademarks     182,437             182,437       indefinite  
TOTAL   $ 2,303,019     $ (184,641 )   $ 2,118,378          

 

    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     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 (3 months)     $ 13,917  
  2017     $ 55,668  
  2018     $ 55,668  
  2019     $ 55,668  
  2020     $ 55,668