Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.21.1
Intangible Assets
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 5 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of:

 

        December 31,     December 31,  
    Estimated life   2020     2019  
Trademarks   3 years   $ 22,060     $ -  
Website         10,799       -  
Accumulated amortization         (10,954 )              -  
        $ 21,905     $ -  

 

As of December 31, 2020, estimated future amortization expenses related to intangible assets were as follows:

 

    Intangible Assets  
2021   $ 16,207  
2022     3,600  
2023     2,098  
    $ 21,905  

 

The Company had amortization expense of $10,954, and $0 for the year ended December 31, 2020 and for the period from inception (October 29, 2019) through December 31, 2019, respectively.

 

On January 8, 2020, James Joyce, the Company’s CEO and Craig Roberts, the Company’s COO, assigned to the Company the rights to patent 62/881,740 pertaining to the devices, systems and methods for the broad-spectrum reduction of pro-inflammatory cytokines in blood.