Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.21.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Schedule of patent license assets

The patent license assets as of the year ended December 31, 2020 and 2019 is shown in the following table:

 

    December 31
    2020   2019
Patent license fees   $ 4,442,553     $ 4,187,902  
Refinery permits     1,921,082       —    
Less accumulated amortization     (2,182,889 )     (1,686,310 )
Intangible Assets, Net   $ 4,180,746     $ 2,501,592