Quarterly report pursuant to Section 13 or 15(d)

LICENSED TECHNOLOGY (Tables)

v3.20.2
LICENSED TECHNOLOGY (Tables)
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF LICENSED TECHNOLOGY

Licensed technology consists of the following:

 

 

   

September 30,

2020

   

December 31,

2019

 
Licensed technology   $ 2,606,000     $ 42,606,000  
Less accumulated amortization     725,000       6,428,000  
Licensed technology, net   $ 1,881,000     $ 36,178,000  
SCHEDULE OF AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

The aggregate estimated amortization expense for intangible assets remaining as of September 30, 2020 is as follows:

 

       
2020, remainder   $ 43,000  
2021     174,000  
2022     174,000  
2023     174,000  
2024     174,000  
Thereafter     1,142,000  
Total   $   1,881,000