NOTE
5 – INTANGIBLE ASSETS
SCHEDULE OF INTANGIBLE ASSETS
| | |
March 31, 2025 (unaudited) | |
| | |
Gross carrying amount | | |
Accumulated amortization | | |
Net carrying value | |
| | |
| | |
| | |
| |
| Customer list | |
$ | 42,500 | | |
$ | (42,500 | ) | |
$ | - | |
| Technology | |
| 684,000 | | |
| (669,900 | ) | |
| 14,100 | |
| Trade name | |
| 54,900 | | |
| (54,900 | ) | |
| - | |
| | |
$ | 781,400 | | |
$ | (767,300 | ) | |
$ | 14,100 | |
| | |
December 31, 2024* | |
| | |
Gross carrying amount | | |
Accumulated amortization | | |
Net carrying value | |
| | |
| | |
| | |
| |
| Customer list | |
$ | 42,500 | | |
$ | (42,500 | ) | |
$ | - | |
| Technology | |
| 684,000 | | |
| (669,300 | ) | |
| 14,700 | |
| Trade name | |
| 54,900 | | |
| (54,900 | ) | |
| - | |
| | |
$ | 781,400 | | |
$ | (766,700 | ) | |
$ | 14,700 | |
The estimated useful lives of the intangible assets range from seven7 to twenty
years. Amortization expense was $600
for both the three months ended March 31, 2025, and 2024, respectively.
|