v3.26.3
INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6 - INTANGIBLE ASSETS

 

At June 30, 2026 and December 31, 2025, intangible assets were as follows:

 

 

 

June 30,

2026

 

 

December 31,

2025

 

Deferred patent costs

 

$4,313

 

 

$4,313

 

Patents

 

 

109,883

 

 

 

109,883

 

Trademarks

 

 

13,564

 

 

 

13,564

 

Less: Accumulated amortization

 

 

(60,357 )

 

 

(56,951 )

Intangible assets, net

 

$67,403

 

 

$70,809

 

 

Amortization expenses for six months ended June 30, 2026, and the year ended December 31, 2025, were $3,406 and $6,432, respectively.

 

The Company’s patents are listed below:

 

Country

 

Patent No.

 

File Date

 

Expiration Date

Canada

 

2624110

 

3/27/2008

 

3/27/2028

U.S.

 

8623401

 

3/27/2008

 

3/27/2028

U.S.

 

9833461

 

10/23/2015

 

10/23/2035

Canada

 

2922959

 

3/3/2016

 

3/3/2036

U.S.

 

11166912

 

3/3/2016

 

3/3/2036

Europe

 

17759030.4

 

2/27/2017

 

2/27/2037

Mexico

 

391622

 

2/27/2017

 

2/27/2037

 

The Company also has three trademarks, one in Canada and two in the U.S. The Canada trademark was filed on 11/28/2017 and expires on 11/28/2032. The U.S. trademarks were filed on 5/28/2018 and 11/28/2019 and expire on 5/28/2033 and 11/28/2034, respectively.

 

Intangible assets are recorded at cost and subsequently amortized over the respective useful lives of each, as reflected on the balance sheets. Management believes the reflected value of the intangible assets would substantially increase upon completion of a third-party appraisal.