Quarterly report pursuant to Section 13 or 15(d)

LICENSED TECHNOLOGY (Tables)

v3.21.1
LICENSED TECHNOLOGY (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF LICENSED TECHNOLOGY

Licensed technology consists of the following:

 

    March 31, 2021     December 31, 2020  
Licensed technology   $ 2,156,000     $ 2,156,000  
Less accumulated amortization     685,000       656,000  
Licensed technology, net   $ 1,471,000     $ 1,500,000  
SCHEDULE OF AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

The aggregate estimated amortization expense for intangible assets remaining as of March 31, 2021 is as follows:

 

         
2021, remainder   $ 87,000  
2022     117,000  
2023     117,000  
2024     117,000  
2025     117,000  
Thereafter     916,000  
Total   $ 1,471,000