v3.26.1
Note 7 - Intangible and Other Assets, Net
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Intangible and Other Assets [Text Block]

NOTE 7 INTANGIBLE AND OTHER ASSETS, NET

 

Intangible assets consist of the following:

 

  

March 31, 2026

 
  

Cost

  

Accumulated Amortization

  

Net

 

Patents and trademarks

 $895,789  $556,141  $339,648 

Other intangible assets

  42,386   25,461   16,925 

TOTAL INTANGIBLE ASSETS

 $938,175  $581,602  $356,573 

 

  

December 31, 2025

 
  

Cost

  

Accumulated Amortization

  

Net

 

Patents and trademarks

 $895,789  $547,319  $348,470 

Other intangible assets

  42,386   24,808   17,578 

TOTAL INTANGIBLE ASSETS

 $938,175  $572,127  $366,048 

 

 

Amortization expense for the three months ended March 31, 2026 and 2025 was $9,475 and $10,540 respectively.

 

Other assets consist of the following:

 

  

March 31, 2026

 
  

Cost

  

Accumulated Amortization

  

Net

 

Deferred installation costs

 $186,838  $100,887  $85,951 

Deferred clinical training costs

  1,920   1,298   622 

Deferred sales commissions

  261,282   225,789   35,493 

Prepaid license fee

  249,999   239,070   10,929 

Security deposit

  46,124      46,124 

TOTAL OTHER ASSETS

 $746,163  $567,044  $179,119 

 

  

December 31, 2025

 
  

Cost

  

Accumulated Amortization

  

Net

 

Deferred installation costs

 $186,838  $85,297  $101,541 

Deferred clinical training costs

  1,920   1,138   782 

Deferred sales commissions

  248,827   204,647   44,180 

Prepaid license fee

  249,999   234,972   15,027 

Security deposit

  46,124      46,124 

TOTAL OTHER ASSETS

 $733,708  $526,054  $207,654