v3.19.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS The Company’s intangible assets consist of patents and trade secrets acquired from third parties, and are recorded at cost. The Company amortizes the costs of its intangible assets over their estimated useful lives of approximately 11 years. 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, 2018 and 2017, the Company’s intangible assets, net of accumulated amortization consisted of the following:
Patents and/or software licenses, net | 2018 | 2017
| Cost | $697,955 | $697,955
| Amortization | (504,042) | (436,106)
| Net intangible assets | $193,913 | $261,849
|  | 2018 |  | 2017
Beginning balance for total intangible assets |  | $261,849 |  | $309,361
Amortization |  | (67,936) |  | (47,514)
| Intangible assets |  | $193,913 |  | $261,849
The Surface Modification Technologies assets include a patent, trade secret technology, instructions, manuals and materials on certain manufacturing processes and know-how. For the years ended December 31, 2018 and 2017, the Company recorded amortization expense of $67,936 and $47,512, respectively. See Note 1. Future amortization for the next five years for the Company’s intangible assets consist of the following:
Year |  | Anticipated Amortization
2019 |  | 47,513
2020 |  | 47,513
2021 |  | 47,513
2022 |  | 47,513
Thereafter |  | 3,861
Total anticipated amortization of intangible assets |  | $193,913

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://fasb.org/us-gaap/role/ref/legacyRef -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