Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET

v3.19.3
INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 6 – INTANGIBLE ASSETS, NET

 

Intangible assets consisted of the following as of:

 

    Estimated Life   September 30,
2019		     December 31,
2018		  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (195,559 )     (146,669 )
        $ 64,441     $ 113,331  

 

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

 

    Total  
2019   $ 14,017  
2020     37,818  
2021     12,606  
    $ 64,441  

 

Amortization expense was $16,297 and $48,890, and $58,901 and $175,786 for the three and nine months ended September 30, 2019 and 2018, respectively, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.