v3.8.0.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2017
Intangible Assets [Abstract] |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS The Company’s intangible assets consist of patents and patents pending acquired from third parties, and are recorded at cost. The Company amortizes the costs of its intangible assets over their estimated useful lives unless such lives of approximately 11 years. Patents pending are not amortized until the patents are issued. Amortizable intangible assets are tested for impairment based on undiscounted cash flows and, if impaired, written down to fair value based on either discounted cash flows or appraised values. Intangible assets with indefinite lives are tested for impairment, at least annually, and written down to fair value as required. As of December 31, 2017 and 2016, the Company’s intangible assets, net of accumulated amortization consisted of the following:
Patents and/or software licenses, net |  | 2017 |  | 2016
Cost |  | $ | 697,955 |  |  | $ | 697,955 |
Amortization |  |  | (436,106 | ) |  |  | (388,594 | )
Net intangible assets |  | $ | 261,849 |  |  | $ | 356,874 |
|  | 2017 |  | 2016
Beginning balance for total intangible assets |  | $ | 309,361 |  |  | $ | 356,874 |
Amortization |  |  | (47,514 | ) |  |  | (47,513 | )
Intangible assets |  | $ | 261,849 |  |  | $ | 309,361 |
The Surface Modification Technologies assets include a patent, a patent pending, trade secret technology, instructions, manuals and materials on certain manufacturing processes and know-how. For the years ended December 31, 2017 and 2016, the Company recorded amortization expense of $47,514 and $47,513, respectively. See Note 1. Future amortization for the next five years for the Company’s intangible assets consist of the following:
Year |  | Anticipated Amortization
2018 |  |  |  | 47,513 |
2019 |  |  |  | 47,513 |
2020 |  |  |  | 47,513 |
2021 |  |  |  | 47,513 |
2022 |  |  |  | 47,513 |
Thereafter |  |  |  | 24,284 |
| Total anticipated amortization of intangible assets |  |  | $ | 261,849

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration