Quarterly report pursuant to Section 13 or 15(d)

LICENSED TECHNOLOGY (Tables)

v3.21.2
LICENSED TECHNOLOGY (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF LICENSED TECHNOLOGY

Licensed technology consists of the following:

 

    June 30, 2021     December 31, 2020  
Licensed technology   $ 2,156,000     $ 2,156,000  
Less accumulated amortization     714,000       656,000  
Licensed technology, net   $ 1,442,000     $ 1,500,000  
SCHEDULE OF AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

The aggregate estimated amortization expense for intangible assets remaining as of June 30, 2021 is as follows:

 

         
2021, remainder     $ 58,000
2022       117,000
2023       117,000
2024       117,000
2025       117,000
Thereafter       916,000
Total     $ 1,442,000