Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.20.2
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

    June 30, 2020  
   

Gross

Amount

    Accumulated
Amortization
   

Net

Carrying

Amount

   

Weighted-

Average

Amortization

Period

 
Supply chain development   $ 395,249     $ (242,532 )   $ 152,717       1.58 yrs.  
Patents and trademarks     64,566       (21,490 )     43,076       3.12 yrs.  
    $ 459,815     $ (264,022 )   $ 195,793          

 

    December 31, 2019
   

Gross

Amount

    Accumulated
Amortization
   

Net

Carrying

Amount

   

Weighted-

Average

Amortization

Period

Supply chain development   $ 395,249     $ (193,127 )   $ 202,122     2.07 yrs.
Patents     56,047       (14,044 )     42,003     3.42 yrs.
    $ 451,296     $ (207,171 )   $ 244,125