| Intangible Assets |
INTANGIBLE ASSETS The following table provides a summary of the Company’s intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | | Cost | | Accumulated
Amortization | | Cost | | Accumulated
Amortization | | Technology | $ | 46,470 | | $ | 15,384 | | $ | 46,470 | | $ | 13,103 | | Patents | 30,000 | | 10,950 | | 30,000 | | 6,900 | | Total | $ | 76,470 | | $ | 26,334 | | $ | 76,470 | | $ | 20,003 |
The following table summarizes the allocation of amortization expense of intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Cost of revenues | $ | 1,350 | | | $ | 1,125 | | | $ | 4,050 | | | $ | 3,375 | | Research and development expenses | 760 | | | 761 | | | 2,281 | | | 2,259 | | | Total | $ | 2,110 | | | $ | 1,886 | | | $ | 6,331 | | | $ | 5,634 | |
Future amortization expense is projected as follows: | | | | | | 2025 (excluding the nine months ended September 30, 2025) | $ | 2,110 | | 2026 | 9,535 | | 2027 | 10,435 | | 2028 | 6,535 | | 2029 | 2,935 | 2030 and thereafter | 18,586 | | Total | $ | 50,136 |
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