Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of:

 

    Estimated Life   March 31, 2019     December 31, 2018  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (162,966 )     (146,669 )
        $ 97,034     $ 113,331  

 

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

 

      Total  
2019     $ 46,610  
2020       37,818  
2021       12,606  
      $ 97,034  

 

Amortization expense was $16,297 and $58,443 for the three months ended March 31, 2019 and 2018, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.