Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets

Intangible assets were comprised of the following:

 

    December 31, 2017  
    Gross carrying amount     Accumulated amortization     Net carrying value  
                   
Goodwill   $ 277,800           $ 277,800  
Customer list     42,500       (42,500 )      
Technology     1,090,500       (745,200 )     345,300  
Trade name     54,900       (54,900 )      
                         
    $ 1,465,700     $ (842,600 )   $ 623,100  

 

    December 31, 2016  
    Gross carrying amount     Accumulated amortization     Net carrying value  
                   
Goodwill   $ 277,800           $ 277,800  
Customer list     42,500       (42,500 )      
Technology     1,069,500       (609,300 )     460,200  
Trade name     57,300       (57,300 )      
                         
    $ 1,447,100     $ (709,100 )   $ 738,000