INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

NOTE 9. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

	June 30, 2021
								Weighted-
						Net		Average
	Gross		Accumulated			Carrying		Amortization
	Amount		Amortization			Amount		Period
Supply chain development	$	404,622	$	(341,548	)	$	63,074		0.62 yrs.
Patents and trademarks		114,573		(40,313	)		74,260		2.59 yrs.
	$	519,195	$	(381,861	)	$	137,334

	December 31, 2020
								Weighted-
						Net		Average
	Gross		Accumulated			Carrying		Amortization
	Amount		Amortization			Amount		Period
Supply chain development	$	395,248	$	(291,937	)	$	103,311		1.05 yrs.
Patents		70,435		(29,901	)		40,534		2.45 yrs.
	$	465,683	$	(321,838	)	$	143,845

Amortization expense for the three months ended June 30, 2021 and 2020, was $30,839 and $28,635 and for the six months ended June 30, 2021 and 2020, was $60,023 and $56,852, respectively. The definite lived intangible assets have no residual value at the end of their useful lives.