Intangible Assets, Net

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 7. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

	June 30, 2020
	Gross Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Amortization Period
Supply chain development	$	395,249	$	(242,532	)	$	152,717		1.58 yrs.
Patents and trademarks		64,566		(21,490	)		43,076		3.12 yrs.
	$	459,815	$	(264,022	)	$	195,793

	December 31, 2019
	Gross Amount		Accumulated Amortization			Net Carrying Amount		Weighted- Average Amortization Period
Supply chain development	$	395,249	$	(193,127	)	$	202,122	2.07 yrs.
Patents		56,047		(14,044	)		42,003	3.42 yrs.
	$	451,296	$	(207,171	)	$	244,125

Amortization expense for the three and six months ended June 30, 2020 was $28,635 and $56,852 and for the three and six months ended June 30, 2019 was $26,512 and $51,499, respectively. The definite lived intangible assets have no residual value at the end of their useful lives.