Annual report pursuant to Section 13 and 15(d)

LICENSED TECHNOLOGY (Tables)

v3.22.1
LICENSED TECHNOLOGY (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF LICENSED TECHNOLOGY

Licensed technology consists of the following:

 

    December 31,
2021
    December 31,
2020
 
Licensed technology   $ 2,156,000     $ 2,156,000  
Less accumulated amortization     772,000       656,000  
Licensed technology, net   $ 1,384,000     $ 1,500,000  
SCHEDULE OF AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

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

 

         
2022   $ 116,000  
2023     116,000  
2024     117,000  
2025     117,000  
2026     117,000  
Thereafter     801,000  
Total   $ 1,384,000