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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2019
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 March 31, 2019 and December 31, 2018: 

 

    March 31, 2019  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
    Weighted-Average
Remaining
Amortization
Period (yrs.)
 
Amortizable intangible assets:                                
OPERA® software patent   $ 31,951     $ (10,983 )   $ 20,968       10.5  
Approved hormone therapy drug candidate patents     2,519,316       (322,431 )     2,196,885       13.75  
Hormone therapy drug candidate patents (pending)     1,967,124             1,967,124       n/a  
Non-amortizable intangible assets:                                
Multiple trademarks     270,753             270,753       indefinite  
Total   $ 4,789,144     $ (333,414 )   $ 4,455,730          

 

    December 31, 2018  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Amount
    Weighted-Average
Remaining
Amortization
Period (yrs.)
 
Amortizable intangible assets:                                
OPERA® software patent   $ 31,951     $ (10,484 )   $ 21,467       10.75  
Development costs of corporate website     91,743       (91,743 )           n/a  
Approved hormone therapy drug candidate patents     2,234,129       (282,485 )     1,951,644       14  
Hormone therapy drug candidate patents (pending)     1,855,279             1,855,279       n/a  
Non-amortizable intangible assets:                                
Multiple trademarks     264,289             264,289       indefinite  
Total   $ 4,477,391     $ (384,712 )   $ 4,092,679          
Schedule of estimated amortization expense

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

 

Year Ending
December 31,
    Estimated
Amortization
 
2019 (9 months)     $ 121,333  
2020     $ 161,777  
2021     $ 161,777  
2022     $ 161,777  
2023     $ 161,777