v3.26.1
Intellectual Property
6 Months Ended
Jun. 30, 2026
Intellectual Property  
Intellectual Property

Note 7 - Intellectual Property

 

License and patent costs capitalized as of June 30, 2026 and December 31, 2025 are as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Licenses and patents

 

$3,068,995

 

 

$3,068,995

 

Less: Accumulated amortization

 

 

(1,876,432 )

 

 

(1,774,132 )

Intellectual property, net

 

$1,192,563

 

 

$1,294,863

 

 

Amortization expense for the six months ended June 30, 2026 and 2025 was $102,300 and $102,300, respectively. Estimated annual amortization for each of the next 5 years and thereafter is as follows:

 

Annual amortization for the years ended:

 

 

 

December 31, 2026 (remaining)

 

$102,300

 

December 31, 2027

 

 

204,600

 

December 31, 2028

 

 

204,600

 

December 31, 2029

 

 

204,600

 

December 31, 2030

 

 

204,600

 

Thereafter

 

 

271,863

 

Total

 

$1,192,563