INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

Intangible assets were comprised of the following:

	June 30, 2021 (Unaudited)
	Gross carrying amount		Accumulated amortization			Net carrying value
Goodwill	$	277,800	$	-		$	277,800
Customer list		42,500		(42,500	)		-
Technology		1,021,900		(868,400	)		153,500
Trade name		54,900		(54,900	)		-
	$	1,397,100	$	(965,800	)	$	431,300

	December 31, 2020
	Gross carrying amount		Accumulated amortization			Net carrying value
Goodwill	$	277,800	$	-		$	277,800
Customer list		42,500		(42,500	)		-
Technology		1,021,900		(852,400	)		169,500
Trade name		54,900		(54,900	)		-
	$	1,397,100	$	(949,800	)	$	447,300

The estimated useful lives of the intangible assets range from seven to ten years. Amortization expense was $9,700 and $8,000 for the three months ended June 30, 2021, and 2020, respectively. Amortization expense was $16,100 for both six months ended June 30, 2021, and 2020.