v3.26.1
Intangible Assets
12 Months Ended
Dec. 31, 2025
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
4. INTANGIBLE ASSETS

 

The following table summarizes our intangible assets, net:

 

    As at December 31, 2025     As at December 31, 2024  
    Gross                 Gross              
    Carrying     Accumulated     Net Carrying     Carrying     Accumulated     Net Carrying  
    Amount     Amortization     Amount     Amount     Amortization     Amount  
                                     
Finite-lived assets:                                    
Intangible asset - Patents   $ 1,146,743     $ (257,530 )   $ 889,213     $ 993,758     $ (204,785 )   $ 788,973  
Total finite-lived assets     1,146,743       (257,530 )     889,213       993,758       (204,785 )     788,973  
Indefinite-lived assets - Trademarks     32,958       -       32,958       32,958       -       32,958  
Total intangible assets   $ 1,179,701     $ (257,530 )   $ 922,171     $ 1,026,716     $ (204,785 )   $ 821,931  

 

Amortization Expense

 

Aggregate amortization expense related to finite-lived intangible assets was approximately $53 thousand and $47 thousand for the years ended December 31, 2025 and 2024, respectively, primarily included in general and administrative expenses on our consolidated statements of operations.

 

The following table summarizes the estimated future amortization expense associated with our finite-lived intangible assets as of December 31, 2025:

 

    Amount  
2026   $ 57,337  
2027     57,337  
2028     57,337  
2029     57,337  
2030     57,337  
Thereafter     602,528  
Total   $ 889,213