Intangible Assets |
3 Months Ended |
|---|---|
Mar. 31, 2024 | |
| Goodwill and Intangible Assets Disclosure [Abstract] | |
| Intangible Assets | Note 5 – Intangible Assets
The Company acquired a perpetual federal fishing license as part of the acquisition of Down2Fish’s assets (see Note 3 for more information), which grants the Company access to fish in federally regulated waters off the coast of Florida. This asset is not amortized and is tested for impairment at least annually. As of March 31, 2024 and 2023, the Company determined no impairment of this asset had occurred.
The Company maintains a website and capitalizes website development costs under ASC 350-50, Website Development Costs. In December 2023, the Company capitalized $10,000 of website development costs and then wrote off the capitalized asset as a $10,000 impairment loss in December 2023 because the website was discontinued and replaced with a new website placed in service in April 2024. The impairment loss was included in general and administrative expenses for the year ended December 31, 2023.
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