Annual report pursuant to Section 13 and 15(d)

INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)

v3.20.1
INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2019
INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)  
Schedule of amortization of intellactual property

The future amortization of the intellectual property are as follows:

 

Year

 

Amount

 

2020

 

$ 47,160

 

2021

 

 

47,160

 

2022

 

 

47,160

 

2023

 

 

47,160

 

2024

 

 

35,370

 

 

 

$ 224,010

 

 

Schedule of amortization of patents

The future amortization of the patents are as follows:

 

Year

 

Amount

 

2020

 

$ 1,172

 

2021

 

 

1,169

 

2022

 

 

1,169

 

2023

 

 

1,169

 

2024 and after

 

 

9,057

 

 

 

$ 13,736