Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.22.2.2
INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of:

                     
    Estimated life   June 30,
2022		     December 31,
2021		  
Website   3 years   $ 10,799     $ 10,799  
Accumulated amortization         (6,899 )     (5,099 )
Intangible assets, net       $ 3,900     $ 5,700  

 

As of June 30, 2022, estimated future amortization expenses related to intangible assets were as follows:

         
    Intangible Assets  
2022 (remaining 6 months)   $ 1,800  
2023     2,100  
Intangible assets, net   $ 3,900  

 

The Company had amortization expense of $900 and $1,800 and $4,052 and $14,406 for the three and six months ended June 30, 2022 and 2021, respectively.

 

On January 8, 2020, James Joyce, the Company’s CEO and Craig Roberts, the Company’s CTO, 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.