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CAPITALIZED PATENT COSTS
 12 Months Ended
Dec. 31, 2025
Capitalized Patent Costs  
CAPITALIZED PATENT COSTS

NOTE 11 – CAPITALIZED PATENT COSTS

 

The Company has applied for a number of patents and a trademark relating to its proposed business plan. During the years ended December 31, 2025, and 2024, 3 and 7 patent applications, respectively, were granted.

 

   Weighted Average Remaining Useful Life (in years)  Cost  

 

Accumulated Amortization

   Net Book Value 
December 31, 2025                  
                   
Pending patent applications  N/A  $1,069,914   $-   $1,069,914 
Granted patents  18.1   363,227    (34,846)   328,381 
Total patent costs     $1,433,141   $(34,846)  $1,398,295 
                   
December 31, 2024                  
                   
Pending patent applications  N/A  $826,203   $-   $826,203 
Granted patents  17.9   338,061    (18,404)   319,657 
Total patent costs     $1,164,264   $(18,404)  $1,145,860 

 

During the years ended December 31, 2025 and 2024, the Company recognized amortization expense in respect of granted patents of $16,442 and $14,305, respectively.

 

During the years ended December 31, 2025 and 2024, the Company wrote off legal fees incurred of abandoned patent applications of $112,125 and $nil, respectively.

 

As of December 31, 2025, expected amortization expense for granted patents for the next five years thereafter are as follows:

 

 

    As of December 31, 2025 
2026  $18,161 
2027   18,161 
2028   18,161 
2029   18,161 
2030   18,161 
Thereafter   237,576 
Total  $328,381