Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following as of: 

 

    Estimated Life   June 30, 2020     December 31, 2019  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (228,484 )     (209,575 )
Total       $ 31,516     $ 50,425  

  

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

 

    Intangible Assets  
2020   $ 18,910  
2021     12,606  
    $ 31,516  

  

Amortization expense was $9,455 and $18,909 and $16,297 and $32,593 for the three and six months ended June 30, 2020 and 2019, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.