| Schedule of Intangible Asset Balances |
As
of December 31, 2025 the Company had the following intangible asset balances:
Schedule
of Intangible Asset Balances
| | |
Estimated useful life | |
Gross carrying amount | | |
Accumulated amortization | | |
Impairment Loss | | |
Net carrying amount | |
| Intellectual property - license | |
10 years | |
$ | 3,000,000 | | |
$ | (450,000 | ) | |
$ | (2,550,000 | ) | |
$ | - | |
| Total intangibles | |
| |
$ | 3,000,000 | | |
$ | (450,000 | ) | |
$ | (2,550,000 | ) | |
$ | - | |
|
As
of December 31, 2025 the Company had the following intangible asset balances:
Schedule
of Intangible Asset Balances
| | |
Estimated
useful life | |
Gross
carrying amount | | |
Accumulated
amortization | |
|
Impairment
Loss |
|
Net
carrying amount | |
| Intellectual
property - license | |
10
years | |
$ | 3,000,000 | | |
$ | (450,000 | ) |
|
$ |
(2,550,000 |
) |
|
$ | - | |
| Total intangibles | |
| |
$ | 3,000,000 | | |
$ | (450,000 | ) |
|
$ |
(2,550,000 |
) |
|
$ | - | |
As
of December 31, 2024 the Company had the following intangible asset balances:
| | |
Estimated
useful life | |
Gross
carrying amount | | |
Accumulated
amortization | | |
Net
carrying amount | |
| Intellectual
property - license | |
10 years | |
$ | 3,000,000 | | |
$ | (150,000 | ) | |
$ | 2,850,000 | |
| Total | |
| |
$ | 3,000,000 | | |
$ | (150,000 | ) | |
$ | 2,850,000 | |
|