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Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6. INTANGIBLE ASSETS

Intangible assets consisted of the following at December 31, 2020 and 2019:

	December 31, 2020						December 31, 2019
	Gross value		Accumulated amortization		Net carrying value		Gross value		Accumulated amortization		Net carrying value
Amortized intangible assets:
Licenses	$	104,099	$	52,872	$	51,227	$	73,893	$	41,785	$	32,108
Patents and Trademarks		264,490		135,236		129,254		542,420		326,220		216,200

		368,589		188,108		180,481		616,313		368,005		248,308

Unamortized intangible assets:
Patents and trademarks pending		212,083		—		212,083		164,960		—		164,960

Total	$	580,672	$	188,108	$	392,564	$	781,273	$	368,005	$	413,268

Patents and trademarks pending will be amortized beginning at the time they are issued by the appropriate authorities. If issuance of the final patent or trademark is denied, then the amount deferred will be immediately charged to expense.

Amortization expense for the years ended December 31, 2020 and 2019 was $188,108 and $135,660, respectively. Estimated amortization for intangible assets with definite lives for the next five years ending December 31 and thereafter is as follows:

Year ending December 31:
2021	$	89,478
2022		63,909
2023		1,950
2024		1,510
2025 and thereafter		23,634
	$	180,481