Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

v3.21.1
LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF LICENSED TECHNOLOGY

Licensed technology consists of the following:

 

    December 31, 2020     December 31, 2019  
Licensed technology   $ 2,156,000     $ 42,606,000  
Less accumulated amortization     656,000       6,428,000  
Licensed technology, net   $ 1,500,000     $ 36,178,000  
SCHEDULE OF AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

The aggregate estimated amortization expense for intangible assets remaining as of December 31, 2020 is as follows:

 

    Dec 31, 2020  
2021   $ 117,000  
2022     117,000  
2023     117,000  
2024     117,000  
2025     117,000  
Thereafter     915,000  
Total   $ 1,500,000