| INTANGIBLE ASSETS |
NOTE 5 – INTANGIBLE ASSETS
Intangible assets, net consists of the following:
| |
|
September 30, 2025 |
|
|
December 31, 2024 |
|
| |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
| In-process research and development |
|
$ |
2,900,000 |
|
|
$ |
- |
|
|
$ |
2,900,000 |
|
|
$ |
2,900,000 |
|
|
$ |
- |
|
|
$ |
2,900,000 |
|
| Patents and intellectual property |
|
|
5,671,478 |
|
|
|
(1,732,951 |
) |
|
|
3,938,527 |
|
|
|
5,671,478 |
|
|
|
(1,260,328 |
) |
|
|
4,411,150 |
|
| Intangible assets, net |
|
$ |
8,571,478 |
|
|
$ |
(1,732,951 |
) |
|
$ |
6,838,527 |
|
|
$ |
8,571,478 |
|
|
$ |
(1,260,328 |
) |
|
$ |
7,311,150 |
|
As of September 30, 2025, future expected amortization expense of Intangible
assets was as follows:
| 2025 (remaining) |
|
$ |
157,541 |
|
| 2026 |
|
|
630,164 |
|
| 2027 |
|
|
630,164 |
|
| 2028 |
|
|
630,164 |
|
| 2029 |
|
|
630,164 |
|
| Thereafter |
|
|
1,260,330 |
|
| Remaining future amortization expense |
|
$ |
3,938,527 |
|
There were no changes to goodwill for the three
and nine months ended September 30, 2025 and 2024.
|