NOTE 3 — Intangible Assets |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| NOTE 3 — Intangible Assets | NOTE 3 — Intangible Assets
In 2021, the Company entered into the Technology Transfer Agreement with SpringCard SAS. The Unaudited Condensed Balance Sheets include the intangible assets of the acquired technology at the carrying amount, net of amortization of $1,272,953 as of March 31, 2026.
The intangible assets are amortized on a straight-line basis over their estimated useful lives of fifteen years, beginning on April 1, 2021. As of March 31, 2026, the estimated future amortization of these intangible assets is as follows:
SOCKET MOBILE, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS March 31, 2026
The amortization expense was $31,824 for the three months ended March 31 in both 2026 and 2025. |
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