Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.10.0.1
Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

Intangible assets as of March 31, 2018 and December 31, 2017 and the movements for the periods then ended are as follows:

 

          Distributor &        
    Patents &     Customer        
    Trademarks     Relationships     Totals  
Cost or Deemed Cost                        
At December 31, 2017   $ 2,626,996     $ 1,270,639     $ 3,897,635  
Additions     -       -       -  
Disposals     -       -       -  
At March 31, 2018   $ 2,626,996     $ 1,270,639     $ 3,897,635  
                         
Accumulated Amortization                        
At December 31, 2017   $ 1,496,329     $ 1,270,639     $ 2,766,968  
Amortization Charge     42,777       -       42,777  
Disposals     -       -       -  
At March 31, 2018   $ 1,539,106     $ 1,270,639     $ 2,809,745  
                         
Net Book Value                        
At December 31, 2017   $ 1,130,667     $ -     $ 1,130,667  
At March 31, 2018   $ 1,087,890     $ -     $ 1,087,890  

Schedule of Estimated Aggregate Amortization Expense of Fiscal Years

The estimated aggregate amortization expense for each of the five succeeding fiscal years is as follows:

 

Period   Amount  
2019   $ 171,108  
2020     149,298  
2021     147,315  
2022     147,315  
2023     147,315