Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET

v3.19.2
INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 6 – INTANGIBLE ASSETS, NET

 

Intangible assets consisted of the following as of:

 

    Estimated Life   June 30,
2019		     December 31,
2018		  
                 
Trademarks   3.3 – 4.5 years   $ 260,000     $ 260,000  
Accumulated amortization         (179,262 )     (146,669 )
        $ 80,738     $ 113,331  

 

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

 

    Total  
2019   $ 30,314  
2020     37,818  
2021     12,606  
    $ 80,738  

 

Amortization expense was $16,297 and $32,593, and $58,443 and $116,885 for the three and six months ended June 30, 2019 and 2018, respectively, and is classified in general and administrative expenses in the condensed consolidated Statements of Operations.