v3.26.1
Note G - Intangible Assets And Goodwill
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

NOTE GINTANGIBLE ASSETS

 

Intangible assets consisted of the following as of December 31:

 

  

2025

  

2024

 
         

Trade name

 $130,000  $130,000 

Proprietary software

  420,000   420,000 

Customer relationships

  1,692,583   1,692,583 

Patents and patents pending

  287,248   365,080 
   2,529,831   2,607,663 
         
         

Less accumulated amortization

  (1,699,751)  (1,510,310)
         

Total

 $830,080  $1,097,353 

 

Aggregate amortization expense for 2025 and 2024 was approximately $267,273 and $304,983, respectively. Estimated minimum amortization expense based on straight line amortization of the software license rights for each of the next five years and thereafter approximates the following:

 

Years ending December 31

    

2026

 $224,000 

2027

  223,000 

2028

  141,000 

2029

  117,000 

2030

  14,000 

Thereafter

  111,080 

Total

 $830,080