Intangible Assets

3 Months Ended

Mar. 31, 2018

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

The following tables set forth the intangible assets, both acquired and developed, including accumulated amortization as of March 31, 2018:

	March 31, 2018
	Remaining			Accumulated		Net Carrying
	Useful Life	Cost		Amortization		Value
Customer lists	4.58 years	$	2,809,000	$	361,750	$	2,447,250
Patents	18.35 years		4,996,983		102,513		4,894,470
Capitalized software	2.33 years		135,021		37,505		97,516
Website	3.75 years		30,699		5,117		25,582
		$	7,971,703	$	506,885	$	7,464,818

Amortization expense, amounted to approximately $360,000 and $0 for the three months ended March 31, 2018 and 2017, respectively.