| SCHEDULE OF COMPONENTS OF INTELLECTUAL PROPERTY |
The
following table summarizes the components of the Company’s intellectual property as of the dates presented:
SCHEDULE OF COMPONENTS OF INTELLECTUAL PROPERTY
| | |
December 31, 2024 | | |
December 31, 2023 | |
| Intellectual property: | |
| | | |
| | |
| WordPress® GDPR rights | |
$ | 46,800 | | |
$ | 46,800 | |
| ARALOC™ | |
| 1,850,000 | | |
| 1,850,000 | |
| ArcMail License | |
| 1,445,000 | | |
| 1,445,000 | |
| DataExpressTM | |
| 1,388,051 | | |
| 1,388,051 | |
| FileFacetsTM | |
| 135,000 | | |
| 135,000 | |
| IntellyWP™ | |
| 60,000 | | |
| 60,000 | |
| Resilient Network Systems | |
| 305,000 | | |
| 305,000 | |
| Cyren Engines | |
| 3,500,000 | | |
| 3,500,000 | |
| Intellectual property, gross | |
| 8,729,851 | | |
| 8,729,851 | |
| Accumulated amortization | |
| (5,931,035 | ) | |
| (5,204,035 | ) |
| Impairment | |
| - | | |
| - | |
| Intellectual property, net of accumulated amortization | |
$ | 2,798,816 | | |
$ | 3,525,816 | |
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
Based
on the carrying value of definite-lived intangible assets as of December 31, 2023, we estimate our amortization expense for the next
five years will be as follows:
SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS
| | |
Amortization | |
| Year Ended December 31, | |
Expense | |
| 2025 | |
| 715,750 | |
| 2026 | |
| 700,000 | |
| 2027 | |
| 700,000 | |
| 2028 | |
| 683,066 | |
| Total | |
| 2,798,816 | |
|