Intellectual Property |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Intellectual Property |
Note 6 - Intellectual Property
License and patent costs capitalized as of March 31, 2023 and December 31, 2022 are as follows:
Amortization expense for the three months ended March 31, 2023 and 2022 was $51,150 and $51,150, respectively. Estimated annual amortization for each of the next five years is $204,600. |
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- References No definition available.
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- Definition The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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