Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.8.0.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Intangible Assets, Net (Including Goodwill) [Abstract]  
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following:

Definite-lived intangible assets
 
 
As of
 
 
December 31, 2017
 
December 31, 2016
Distribution agreements
 
$
41,984

 
$
39,264

Less: Accumulated amortization
 
$
(41,984
)
 
(39,264
)
Distribution agreements, net
 

 

 
 
 
 
 
Patents, trademarks, copyrights, and domain names
 
$
584,980

 
547,071

Less: Accumulated amortization
 
$
(90,188
)
 
(56,989
)
Patents, trademarks, copyrights, and domain names, net
 
494,792

 
490,082

 
 
 
 
 
Total definite-lived intangible assets, net
 
$
494,792

 
$
490,082

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated amortization expense for the next five years related to the definite-lived intangible assets is displayed in the following table:
For the Years Ending December 31,
Amount
2018
$
28,103

2019
28,103

2020
28,103

2021
28,103

2022
28,103

Schedule of Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets
 
 
As of
 
 
December 31, 2017
 
December 31, 2016
Goodwill
 
$
997,701

 
$
997,701