Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

The following table summarizes the balances as of June 30, 2019 and December 31, 2018, of the intangible assets acquired, their useful life, and annual amortization:

	June 30, 2019			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			19.02
Intangible asset – Capitalization of license cost		190,989			19.02
		1,010,180
Less Accumulated Amortization		(59,926	)
Total	$	950,254

	December 31, 2018			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			19.27
Intangible asset – Capitalization of license cost		190,989			19.27
		1,010,180
Less Accumulated Amortization		(34,189	)
Total	$	975,991

Schedule of Amortization of Expense for Intangible Assets

The future yearly amortization expense over the next five years and thereafter are as follows:

For the six-month period ended June 30,
2020	$	51,365
2021		51,365
2022		51,365
2023		51,365
2024		51,365
Thereafter		693,429
	$	950,254