Schedule of Intangible Assets |
Intangible assets
consist of the following as of March 31, 2025 and December 31, 2024. | | For the year ended March 31, 2025 | | | | Average useful life | | | Gross carrying amount | | | Accumulated amortization | | | Net carrying amount | | Technology license | | | 20 years | | | $ | 98,061 | | | $ | 78,691 | | | $ | 19,371 | | Customer relationship | | | 20 years | | | | 580,489 | | | | 261,220 | | | | 319,269 | | Patent technology | | | 20 years | | | | 165,207,671 | | | | 19,387,021 | | | | 145,820,650 | | | | | | | | $ | 165,886,221 | | | $ | 19,726,932 | | | $ | 146,159,289 | |
| | For the year ended December 31, 2024 | | | | Average useful life | | | Gross carrying amount | | | Accumulated amortization | | | Net carrying amount | | Technology license | | | 20 years | | | $ | 97,828 | | | $ | 78,439 | | | $ | 19,389 | | Customer relationship | | | 20 years | | | | 579,107 | | | | 231,643 | | | | 347,464 | | Patent technology | | | 20 years | | | | 164,814,319 | | | | 17,124,320 | | | | 147,690,000 | | | | | | | | $ | 165,491,254 | | | $ | 17,434,402 | | | $ | 148,056,852 | |
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