Note 7 - Intangible and Other Assets, Net

6 Months Ended

Jun. 30, 2025

Intangible and Other Assets [Text Block]

NOTE 7 – INTANGIBLE AND OTHER ASSETS, NET

Intangible assets consist of the following:

	*June 30, 2025*
	*Cost*		*Accumulated Amortization*		*Net*
Patents and trademarks	$	895,789	$	528,221	$	367,568
Other intangible assets		33,298		23,502		9,796
TOTAL INTANGIBLE ASSETS	$	929,087	$	551,723	$	377,364

	*December 31, 2024*
	*Cost*		*Accumulated Amortization*		*Net*
Patents and trademarks	$	895,789	$	510,523	$	385,266
Other intangible assets		33,298		21,184		12,114
TOTAL INTANGIBLE ASSETS	$	929,087	$	531,707	$	397,380

Amortization expense for the three and six months ended June 30, 2025 and 2024 was $9,475 and $28,533 for 2025, and $15,074 and $20,577 for 2024, respectively.

Other assets consist of the following:

	*June 30, 2025*
	*Cost*		*Accumulated Amortization*		*Net*
Deferred installation costs	$	181,715	$	63,757	$	117,958
Deferred clinical training costs		1,920		818		1,102
Deferred sales commissions		214,635		177,245		37,390
Prepaid license fee		249,999		226,775		23,224
Security deposit		46,124		—		46,124
TOTAL OTHER ASSETS	$	694,393	$	468,596	$	225,797

	*December 31, 2024*
	*Cost*		*Accumulated Amortization*		*Net*
Deferred installation costs	$	1,462,176	$	1,374,288	$	87,888
Deferred clinical training costs		1,920		498		1,422
Deferred sales commissions		606,780		514,766		92,014
Prepaid license fee		249,999		218,578		31,421
Security deposit		46,124		—		46,124
TOTAL OTHER ASSETS	$	2,366,999	$	2,108,130	$	258,869