Quarterly report pursuant to Section 13 or 15(d)

5. Intangible Asset

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5. Intangible Asset
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Asset

5. Intangible Asset

 

Intangible assets at September 30, 2019 and December 31, 2018 were comprised of the following:

 

    September 30,
2019
    December 31,
2018
 
             
License agreement   $ 5,300     $ 5,300  
Product license and registration     57,300       57,300  
Trade secret – intellectual property     32,500       32,500  
Subtotal   $ 95,100     $ 95,100  
Less: accumulated amortization     (18,791 )     (13,903 )
Total intangible assets, net of amortization   $ 76,309     $ 81,197  

 

Amortization expense for the three and nine months ended September 30, 2019 was $1,463 and $4,888, respectively, compared to $1,629 and $4,886, respectively, for the three and nine months ended September 30, 2018.