Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Definite-life Intangible Assets and Accumulated Amortization

The following is a summary of definite-life intangible assets less accumulated amortization as of December 31, 2020 and 2019, respectively:

 

    Year Ended December 31,  
    2020     2019  
Provisional Patent Applications   $ 585,152     $ 448,714  
Patents     209,110       138,936  
Less: Accumulated Amortization     (41,140 )     (18,309 )
                 
Net Intangible Assets   $ 753,122     $ 569,341  
Schedule of Aggregate Amortization Expense

The estimated aggregate amortization expense for each of the succeeding years ending December 31 is as follows:

 

2021   $ 12,301  
2022     12,301  
2023     12,301  
2024     12,301  
Thereafter     118,766  
         
    $ 167,970