Annual report pursuant to Section 13 and 15(d)

Intellectual Property (Tables)

v3.24.1.u1
Intellectual Property (Tables)
12 Months Ended
Dec. 31, 2023
Intellectual Property  
Schedule of patent costs capitalized

 

 

December 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Licenses and patents

 

$ 3,068,995

 

 

$ 3,068,995

 

Less: Accumulated amortization

 

 

(1,364,932 )

 

 

(1,159,398 )

Intellectual property, net

 

$ 1,704,063

 

 

$ 1,909,597

 

Schedule of Amortization expense

Annual amortization for the years ended: 

 

 

 

December 31, 2024

 

$ 204,600

 

December 31, 2025

 

 

204,600

 

December 31, 2026

 

 

204,600

 

December 31, 2027

 

 

204,600

 

December 31, 2028

 

 

204,600

 

Thereafter

 

 

681,063

 

Total

 

$ 1,704,063