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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [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 December 31, 2017 and 2016:

 

   December 31, 2017 
   Gross
Carrying
Amount
   Accumulated
Amortization
   Net
Amount
   Weighted-
Average
Remaining
Amortization
Period (yrs.)
 
Amortizable intangible assets:                    
OPERA® software patent  $31,951   $(8,487)  $23,464    11.75 
Development costs of corporate website   91,743    (91,743)       n/a 
Approved hormone therapy drug candidate patents   1,293,614    (171,911)   1,121,703    15 
Hormone therapy drug candidate patents (pending)   1,721,305        1,721,305    n/a 
Non-amortizable intangible assets:                    
Multiple trademarks   233,275        233,275    indefinite 
TOTAL  $3,371,888   $(272,141)  $3,099,747      

 

   December 31, 2016 
   Gross
Carrying
Amount
   Accumulated
Amortization
   Net
Amount
   Weighted-
Average
Remaining
Amortization
Period (yrs.)
 
Amortizable intangible assets:                    
OPERA® software patent  $31,951   $(6,490)  $25,461    12.75 
Development costs of corporate website   91,743    (91,743)       n/a 
Approved hormone therapy drug candidate patents   1,093,452    (102,393)   991,059    16 
Hormone therapy drug candidate patents (pending)   1,203,987        1,203,987    n/a 
Non-amortizable intangible assets:                    
Multiple trademarks for vitamins/supplements   185,465        185,465    indefinite 
Total  $2,606,598   $(200,626)  $2,405,972      

 

Schedule of estimated amortization expense

Estimated amortization expense, based on current patent cost being amortized, for the next five years is as follows:

 

Year Ending
December 31,
   Estimated
Amortization
 
 2018   $76,777 
 2019   $76,777 
 2020   $76,777 
 2021   $76,777 
 2022   $76,777 
 Thereafter   $761,282