Quarterly report pursuant to Section 13 or 15(d)

INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)

v3.20.1
INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2020
INTELLECTUAL PROPERTY LICENSING RIGHTS (Tables)  
Schedule of amortization of intellactual property

The future amortization of the intellectual property are as follows:

 

Year

 

Amount

 

2020

 

$

35,370

 

2021

 

47,160

 

2022

 

47,160

 

2023

 

47,160

 

2024

 

35,370

 

$

212,220

Schedule of amortization of patents

The future amortization of the patents are as follows:

 

Year

 

Amount

 

2020

 

$

881

 

2021

 

1,169

 

2022

 

1,169

 

2023

 

1,169

 

2024 and after

 

9,057

 

$

13,445