Quarterly report pursuant to Section 13 or 15(d)

Intellectual Property

Intellectual Property

6 Months Ended

Jun. 30, 2023

Note 6 - Intellectual Property

License and patent costs capitalized as of June 30, 2023 and December 31, 2022 are as follows:

	June 30,			December 31,
	2023			2022
Licenses and patents	$	3,068,995		$	3,068,995
Less: Accumulated amortization		(1,261,698	)		(1,159,398	)
Intellectual property, net	$	1,807,297		$	1,909,597

Amortization expense for the three months ended June 30, 2023 and 2022 was $51,150 and $51,150, respectively. Amortization expense for the six months ended June 30, 2023 and 2022 was $102,300 and $102,300, respectively. Estimated annual amortization for each of the next five years is $204,600.