Quarterly report pursuant to Section 13 or 15(d)

Intellectual Property (Tables)

v3.24.1.1.u2
Intellectual Property (Tables)
3 Months Ended
Mar. 31, 2024
Intellectual Property  
Schedule of patent costs capitalized

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Licenses and patents

 

$ 3,068,995

 

 

$ 3,068,995

 

Less: Accumulated amortization

 

 

(1,416,082 )

 

 

(1,364,932 )

Intellectual property, net

 

$ 1,652,913

 

 

$ 1,704,063

 

Schedule of estimated future annual amortization of license and patent cost

Annual amortization for the years ended: 

 

 

 

December 31, 2024

 

$ 153,450

 

December 31, 2025

 

 

204,600

 

December 31, 2026

 

 

204,600

 

December 31, 2027

 

 

204,600

 

December 31, 2028

 

 

204,600

 

Thereafter

 

 

681,063

 

Total

 

$ 1,652,913