v3.26.1
INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 10 - INTANGIBLE ASSETS

Intangible assets are as follows:

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

2026

2025

Technology license – Skinvisible

$

1,000,000

$

1,000,000

Total cost

 

1,000,000

 

1,000,000

Accumulated amortization

 

(641,666)

 

(616,666)

Net book value

$

358,334

$

383,334

The Company recorded amortization expense of approximately $25,000 and $25,000 in the three months ended March 31, 2026 and 2025, respectively. The annual amortization expense expected to be recorded for existing intangible assets for the years 2026 through 2029, is approximately $75,000, $100,000, $100,000 and $83,000, respectively.