INTANGIBLE ASSETS (Details) - USD ($) |
12 Months Ended | |
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Dec. 31, 2020 |
Dec. 31, 2019 |
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Goodwill and Intangible Assets Disclosure [Abstract] | ||
Patent costs | $ 158,710 | $ 127,593 |
Finite-Lived Patents, Gross | 133,112 | 115,074 |
Accumulated amortization of patent costs | 3,809 | 1,249 |
License costs | 241,909 | |
Accumulated amortization of license costs | 17,280 | 200,000 |
Amortization expense | $ 19,840 | $ 1,055 |
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- Definition Accumulated amortization of license costs. No definition available.
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- Definition Accumulated amortization of patent costs. No definition available.
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- Definition Gross carrying amount before accumulated amortization as of the balance sheet date of the costs pertaining to the exclusive legal rights granted to the owner of the patent to exploit an invention or a process for a period of time specified by law. Such costs may have been expended to directly apply and receive patent rights, or to acquire such rights. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the capitalized costs to acquire rights under a license arrangement (for example, to sell specified products in a specified territory) having an indefinite period of benefit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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X | ||||||||||
- Definition Amount of expense charged against earnings to allocate the cost of tangible and intangible assets over their remaining economic lives, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after impairment of indefinite-lived intangible assets classified as other. Excludes financial assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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