Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and In-Process R&D (Tables)

v3.19.2
Intangible Assets and In-Process R&D (Tables)
6 Months Ended
Jun. 30, 2019
Intangible Assets and In-Process R&D  
Schedule of intangible assets and in-process R&D

Intangible assets and in-process R&D at June 30, 2019 and December 31, 2018 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated Useful

    

June 30, 2019

    

December 31, 

 

 

Life (Years)

 

(unaudited)

 

2018

Trade Secrets

 

10

 

$

250,000

 

$

250,000

Less: Accumulated Amortization

 

  

 

 

(18,750)

 

 

(6,250)

Intangible Assets, Net

 

  

 

 

231,250

 

 

243,750

In-Process R&D

 

  

 

 

3,912,314

 

 

3,912,314

Total Intangible Assets and In-Process R&D, Net

 

  

 

$

4,143,564

 

$

4,156,064