Note 7 - Intangible and Other Assets, Net

6 Months Ended

Jun. 30, 2026

Intangible and Other Assets [Text Block]

NOTE 7 – INTANGIBLE AND OTHER ASSETS, NET

Intangible assets consist of the following:

	*June 30, 2026*
	*Cost*		*Accumulated Amortization*		*Net*
Patents and trademarks	$	895,789	$	564,522	$	331,267
Other intangible assets		42,386		26,114		16,272
TOTAL INTANGIBLE ASSETS	$	938,175	$	590,636	$	347,539

	*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 and six months ended June 30, 2026 and 2025 was $9,034 and $18,509 for 2026, and $17,993 and $28,533 for 2025, respectively.

Other assets consist of the following:

	*June 30, 2026*
	*Cost*		*Accumulated Amortization*		*Net*
Deferred installation costs	$	230,721	$	113,989	$	116,732
Deferred clinical training costs		1,920		1,459		461
Deferred sales commissions		281,599		244,031		37,568
Prepaid license fee		249,999		243,168		6,831
Security deposit		46,124		—		46,124
TOTAL OTHER ASSETS	$	810,363	$	602,647	$	207,716

	*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