Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of:

 

    Estimated Life   September 30, 2020     December 31, 2019  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (237,939 )     (209,575 )
Total       $ 22,061     $ 50,425  

 

Future amortization expense related to intangible assets are approximately as follows:

 

    Intangible Assets  
2020   $ 9,455  
2021     12,606  
    $ 22,061  

 

Amortization expense was $9,455 and $28,364 and $16,297 and $48,890 for the three and nine months ended September 30, 2020 and 2019, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.