|6 Months Ended|
Jun. 30, 2021
Note 3 – Intangible Assets
Intangible assets, net consisted of the following:
Amortization expense amounted to $35,177 and $58,875 for the three and six months ended June 30, 2021, respectively, and $23,048 and $45,346 for the three and six months ended June 30, 2020, respectively. Amortization expense for the succeeding five years and thereafter is $72,605 (), $145,211 (-) and $1,136,734 (thereafter).
At June 30, 2021 and December 31, 2020, the Company had capitalized $258,354 and $270,000, respectively, for costs related to patents that have not been awarded.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef