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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of intangible assets

The following tables sets forth the gross carrying amount, accumulated amortization and net carrying amount of our intangible assets as of June 30, 2018 and December 31, 2017: 

 

    June 30, 2018
    Gross Carrying Amount   Accumulated Amortization   Net
Amount
  Weighted- Average
Remaining Amortization Period (yrs.)
Amortizable intangible assets:                
OPERA® software patent   $ 31,951     $ (9,486 )   $ 22,465       11.25  
Development costs of corporate website     91,743       (91,743 )     —         n/a  
Approved hormone therapy drug candidate patents     1,662,562       (216,934 )     1,445,628       14.5  
Hormone therapy drug candidate patents (pending)     1,769,681       —         1,769,681       n/a  
Non-amortizable intangible assets:                                
Multiple trademarks     250,627       —         250,627       indefinite  
Total   $ 3,806,564     $ (318,163 )   $ 3,488,401          

  

    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          

Schedule of estimated amortization expense

Estimated amortization expense for the next five years for the patent cost currently being amortized is as follows: 

 

Year Ending
December 31,
  Estimated
Amortization
  2018(6 months)     $ 49,652  
  2019     $ 99,304  
  2020     $ 99,304  
  2021     $ 99,304  
  2022     $ 99,304  
  Thereafter     $ 1,021,225