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, 2017
Intangible Assets Net  
Schedule of intangible assets
    Original Fair Market Value     Accumulated Amortization     Net     Useful Life (Years)  
Balance - June 30, 2017                                
In-process research and development   $ 3,730,000     $     $ 3,730,000          
Trade names     100,000       30,000       70,000       5  
Non-compete agreements     77,000       23,100       53,900       5  
    $ 3,907,000     $ 53,100     $ 3,853,900          
                                 
Balance - December 31, 2016:                                
In-process research and development   $ 3,730,000     $     $ 3,730,000          
Trade names     100,000       20,000       80,000       5  
Non-compete agreements     77,000       15,400       61,600       5  
    $ 3,907,000     $ 35,400     $ 3,871,600