Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Intangible Assets

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

	December 31, 2019			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			18.68
Intangible asset – Capitalization of license cost		190,989			18.68
		1,010,180
Less Accumulated Amortization		(85,608	)
Total	$	924,572

	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 year ended December 31,
2020	$	51,365
2021		51,365
2022		51,365
2023		51,365
2024		51,365
Thereafter		667,747
	$	924,572

In Process Research and Development [Member]

Schedule of Intangible Assets

The following table summarizes the balances as of December 31, 2019 of the IPR&D assets acquired. The Company will evaluate, on an annual basis, for any impairment and record an impairment if identified. No similar balances were present in 2018:

	December 31, 2019
Intangible asset – In-process research & development	$	1,377,200
Total	$	1,377,200