Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of:

 

    Estimated Life   March 31, 2020   December 31, 2019
             
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (219,030 )     (209,575 )
Total       $ 40,970     $ 50,425  

 

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

 

    Intangible Assets
  2020     $ 28,364  
  2021       12,606  
        $ 40,970  

 

Amortization expense was $9,455 and $16,297 for the three months ended March 31, 2020 and 2019, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.