NOTE 3 — Intangible Assets |
6 Months Ended | |||||||||||||||||||||||||||
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Jun. 30, 2025 | ||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | ||||||||||||||||||||||||||||
| NOTE 3 — Intangible Assets | NOTE 3 — Intangible Assets
In 2021, the Company entered into the Technology Transfer Agreement with SpringCard SAS. The Unaudited Condensed Balance Sheets include the intangible assets of the acquired technology at the carrying amount, net of amortization of $1,368,425 as of June 30, 2025.
SOCKET MOBILE, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS June 30, 2025
The intangible assets are amortized on a straight-line basis over their estimated useful lives of fifteen years, beginning on April 1, 2021. As of June 30, 2025, the estimated future amortization of these intangible assets is as follows:
The amortization expense was $31,824 and $63,648 for the three and six months ended June 30 in both 2025 and 2024. |
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