| Schedule of Intangible Assets |
| |
|
March 31, 2019 |
|
|
December 31, 2018 |
|
| Trademarks (a) |
|
$ |
129,831 |
|
|
$ |
129,831 |
|
| Product Masters (a) |
|
|
64,676 |
|
|
|
64,676 |
|
| Other Intangible Assets (a) |
|
|
272,528 |
|
|
|
272,529 |
|
| Intangible Assets, Gross |
|
|
467,035 |
|
|
|
467,036 |
|
| Less Accumulated Amortization (b) |
|
|
(386,820 |
) |
|
|
(377,048 |
) |
| Intangible Assets, Net |
|
$ |
80,215 |
|
|
$ |
89,988 |
|
| |
(a) |
Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. Through March 31, 2019, the Company has not recognized any impairment expense related to these assets. |
| |
(b) |
During the three months ended March 31, 2019 and March 31, 2018, the Company recognized $9,773 and $12,999, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. |
|