Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Table)

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INTANGIBLE ASSETS (Table)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

At December 31, 2017 and 2016, intangible assets consisted of the following:

 

    Useful Life   December 31, 2017     December 31, 2016  
Patents and other technologies   5 Years   $ 2,593,478     $  
Goodwill         397,569        
  Less: accumulated amortization         (86,449 )      
  Less: impairment loss         (1,321,338 )      
        $ 1,583,260     $  
Schedule of Intangible Assets, Future Amortization Expense

Amortization of intangible assets attributable to future periods is as follows:

 

Year ending December 31:     Amortization amount  
2018     $ 327,571  
2019       327,571  
2020       327,571  
2021       327,571  
2022       272,976  
      $ 1,583,260