Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

The following tables set forth the intangible assets, both acquired and developed, including accumulated amortization as of June 30, 2018:

	June 30, 2018
	Remaining			Accumulated		Net Carrying
	Useful Life	Cost		Amortization		Value
Customer lists	4.33 years	$	2,809,000	$	299,600	$	2,509,400
Patents	18.10 years		4,996,983		190,853		4,806,130
Capitalized software	2.08 years		135,021		48,757		86,264
Intellectual Property	Indefinite		18,050,000		--		18,050,000
		$	25,991,004	$	539,210	$	25,451,794

Amortization expense, amounted to approximately $141,000 and $395,000 for the six months ended June 30, 2018 and 2017, respectively.