| Intangible Assets Disclosure [Text Block] |
NOTE 5 INTANGIBLE ASSETS
The Company’s intangible assets at March 31, 2025 and December 31, 2024 include the following:
| | | Estimated | | | | | | | | | |
| | | Economic Life | | | | | | | | | |
| Description | | (in years) | | | March 31, 2025 | | | December 31, 2024 | |
| | | | | | | | | | | | |
| Developed technologies | | 10 | | | $ | 8,244,402 | | | $ | 8,064,402 | |
| License agreements | | 10 | | | | 499,952 | | | | 499,952 | |
| Customer agreements | | 1 | | | | 122,885 | | | | 122,885 | |
| Distribution agreements | | 8 | | | | 19,733 | | | | 19,733 | |
| Accumulated amortization | | | | | | (3,065,798 | ) | | | (2,847,820 | ) |
| Intangible assets, net | | | | | $ | 5,821,174 | | | $ | 5,859,152 | |
Accumulated amortization as of March 31, 2025 and December 31, 2024 consisted of the following:
| | | March 31, 2025 | | | December 31, 2024 | |
| Developed technologies | | $ | 2,741,861 | | | $ | 2,536,716 | |
| License agreements | | | 189,813 | | | | 177,730 | |
| Customer agreements | | | 122,885 | | | | 122,885 | |
| Distribution agreements | | | 11,239 | | | | 10,489 | |
| Accumulated amortization | | $ | 3,065,798 | | | $ | 2,847,820 | |
Amortization expense related to intangible a
ssets of $217,978 and
$503,374 was recognized for the
three-months ended
March 31, 2025 and 2024, respectively.
Future minimum amortization expense is as follows at March 31, 2025:
| Remainder of 2025 | | $ | 658,436 | |
| 2026 | | | 877,915 | |
| 2027 | | | 877,915 | |
| 2028 | | | 875,169 | |
| 2029 | | | 874,918 | |
| Thereafter | | | 1,656,821 | |
| | | $ | 5,821,174 | |
Changes in the intangible assets balances for the three-months ended March 31, 2025 and 2024, are presented below:
| | | As of December 31, 2024 | | | Additions | | | Impairment | | | Amortization | | | As of March 31, 2025 | |
| Intangible assets | | $ | 8,706,972 | | | $ | 180,000 | | | $ | — | | | $ | — | | | $ | 8,886,972 | |
| Accumulated amortization | | | (2,847,820 | ) | | | — | | | | — | | | | (217,978 | ) | | | (3,065,798 | ) |
| Total intangible assets | | $ | 5,859,152 | | | $ | 180,000 | | | $ | — | | | $ | (217,978 | ) | | $ | 5,821,174 | |
| | | As of December 31, 2023 | | | Additions | | | Impairment | | | Amortization | | | As of March 31, 2024 | |
| Intangible assets | | $ | 20,242,772 | | | $ | — | | | $ | — | | | $ | — | | | $ | 20,242,772 | |
| Accumulated amortization | | | (4,376,740 | ) | | | — | | | | — | | | | (503,374 | ) | | | (4,880,114 | ) |
| Total intangible assets | | $ | 15,866,032 | | | $ | — | | | $ | — | | | $ | (503,374 | ) | | $ | 15,362,658 | |
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