v3.26.1
INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS

NOTE 4 - INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   June 30,   December 31, 
   2026   2025 
Intellectual properties  $3,684,694   $3,743,322 
Patents   280,715    278,730 
Capitalized acquisition costs   45,745    45,745 
           
Total intellectual properties   4,011,154    4,067,797 
Less: accumulated amortization   (2,887,997)   (2,804,864)
           
Total intellectual properties, net  $1,123,157   $1,262,933 

 

 

  ● Patents

 

A Patent on the Internet-Search Mechanism (“IBSM”) has been granted in the United States, South Africa, New Zealand, Canada, and Australia. The patent is pending in the European Union and the United Kingdom.

 

Patents on Contextual Enveloping of Dynamic Hypertext Links and Sensitive Data Protection are pending in the United States.

 

Patents are reported at cost, less accumulated amortization, and accumulated impairment loss. Costs include expenditures directly attributable to the acquisition of the asset. Once a patent has been granted and provides economic benefit to the Company, amortization is provided on a straight-line basis over the expected useful lives of 20 years for all patents.

 

  ● Intellectual Property

 

Intellectual Property capitalizes the Company’s qualifying internal research and development costs. It is amortized over its useful life of 7 years and reported at cost less accumulated amortization and accumulated impairment loss.

 

Amortization expenses were $64,167 and $55,394 for the three months ended June 30, 2026, and 2025, respectively, and $128,628 and $109,348 for the six months ended June 30, 2026, and 2025, respectively.