Quarterly report pursuant to Section 13 or 15(d)

5. INTANGIBLE ASSETS, NET (Tables)

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5. INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
    Original Fair Market Value     Accumulated Amortization     Net     Useful Life
(Years)
                       
Balance - June 30, 2018:                            
In-process research and development   $ 3,730,000     $     $ 3,730,000    
Trade names     100,000       50,000       50,000     5
Non-compete agreements     77,000       38,500       38,500     5
    $ 3,907,000     $ 88,500     $ 3,818,500      
Balance - December 31, 2017:                            
In-process research and development   $ 3,730,000     $     $ 3,730,000     -
Trade names     100,000       40,000       60,000     5
Non-compete agreements     77,000       30,800       46,200     5
    $ 3,907,000     $ 70,800     $ 3,836,200