Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
Intangible Assets and In-Process R&D (Tables)
9 Months Ended
Sep. 30, 2020
Intangible Assets and In-Process R&D  
Schedule of intangible assets and in-process R&D

Intangible assets and in-process R&D at September 30, 2020 and December 31, 2019 consists of the following:

 

 

 

 

 

 

 

 

 

 

 

    

Estimated Useful

    

September 30, 2020

    

December 31, 

 

 

Life (Years)

 

(unaudited)

 

2019

Trade Secrets

 

10

 

$

250,000

 

$

250,000

Less: Accumulated Amortization

 

  

 

 

(50,000)

 

 

(31,250)

Intangible Assets, Net

 

  

 

 

200,000

 

 

218,750

In-Process R&D

 

  

 

 

3,912,314

 

 

3,912,314

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

 

  

 

$

4,112,314

 

$

4,131,064