INTANGIBLE ASSETS |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS | NOTE 3 – INTANGIBLE ASSETS
The Company’s intangible assets comprise of intellectual property revolving around their field tests, sensor integrations, and board designs. Intangible assets, net of amortization amounted to $149,449 and $199,085 at December 31, 2024 and December 31, 2023, respectively.
The Company determined that none of its intangible assets were impaired as of December 31, 2024 and 2023, respectively. Amortizable intangible assets are amortized using the straight-line method over their estimated useful lives of ten years. The amortization expense of finite-lived intangibles was $49,636 and $49,500 for the years ended December 31, 2024 and 2023, respectively.
The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of December 31, 2024:
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