| Schedule of Intangible Assets, Net |
Intangible assets, net consists of the following
(in thousands):
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
Gross Carrying
Amount | | |
Accumulated
Amortization | | |
Impairment | | |
Net | | |
Gross Carrying
Amount | | |
Accumulated
Amortization | | |
Net | |
| In-process research and development | |
$ | 2,900,000 | | |
$ | - | | |
$ | (2,900,000 | ) | |
$ | - | | |
$ | 2,900,000 | | |
$ | - | | |
$ | 2,900,000 | |
| Patents and intellectual property | |
| 5,671,478 | | |
| (1,890,492 | ) | |
| - | | |
| 3,780,986 | | |
| 5,671,478 | | |
| (1,260,328 | ) | |
| 4,411,150 | |
| Intangible assets, net | |
$ | 8,571,478 | | |
$ | (1,890,492 | ) | |
$ | (2,900,000 | ) | |
$ | 3,780,986 | | |
$ | 8,571,478 | | |
$ | (1,260,328 | ) | |
$ | 7,311,150 | |
|
| Schedule of Future Expected Amortization Expense of Intangible Assets |
As of December 31, 2025, future expected amortization
expense of Intangible assets was as follows:
| 2026 | |
$ | 630,164 | |
| 2027 | |
| 630,164 | |
| 2028 | |
| 630,164 | |
| 2029 | |
| 630,164 | |
| 2030 | |
| 630,164 | |
| Thereafter | |
| 630,166 | |
| Remaining future amortization expense | |
$ | 3,780,986 | |
|