Intangible Assets and Goodwill (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Schedule of Intangible Assets

The following table summarizes the balances as of March 31, 2021 and December 31, 2020, of the intangible assets acquired, their useful life, and annual amortization:

	March 31, 2021			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			16.75
Intangible asset – Capitalization of license cost		190,989			16.75
		1,010,180
Less Accumulated Amortization		(149,815	)
Total	$	860,365

	December 31, 2020			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			18.00
Intangible asset – Capitalization of license cost		190,989			18.00
		1,010,180
Less Accumulated Amortization		(136,974	)
Total	$	873,206

The following table summarizes the balances as of December 31, 2020 and 2019, respectively, of the intangible assets acquired, their useful life, and annual amortization:

	December 31, 2020			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	819,191			18.00
Intangible asset – Capitalization of license cost		190,989			18.00
		1,010,180
Less Accumulated Amortization		(136,974	)
Total	$	873,206

	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

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 years ended December 31,
2021	$	38,524
2022		51,365
2023		51,365
2024		51,365
2025		51,365
Thereafter		616,381
	$	860,365

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

For the years ended December 31,
2021		51,365
2022		51,365
2023		51,365
2024		51,365
2025		51,365
Thereafter		616,381
	$	873,206

In Process Research and Development [Member]

Schedule of Intangible Assets

The Company evaluates, on an annual basis, for any impairment and records an impairment if identified.

	December 31, 2020			Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	1,377,200			4
		1,377,200
Less Accumulated Amortization		(275,440	)
Total	$	1,101,760

	December 31, 2019		Remaining Estimated Useful Life (Years)
Intangible asset – Intellectual Property	$	1,377,200		5
		1,377,200
Less Accumulated Amortization		-
Total	$	1,377,200

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 years ended December 31,
2021		275,440
2022		275,440
2023		275,440
2024		275,440
	$	1,101,760