INTANGIBLE ASSET |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| INTANGIBLE ASSET | |
| INTANGIBLE ASSET | NOTE 8 – INTANGIBLE ASSET
The Company capitalized the costs associated with acquiring the exclusive worldwide license to develop and commercialize products comprising or containing the compound ART27.13 as an intangible asset at a value of $2,039 as of September 30, 2026, and December 31, 2025.
The amount capitalized consisted of a $1,500 payment and the fair value of 25 shares of common stock of $539. During the nine months ended September 30, 2026, no additional costs met the criteria for capitalization as an intangible asset. ART27.13 has not yet received regulatory approval and, based on management’s assessment of its useful life, the license is classified as an indefinite-lived intangible asset and is not amortized. No impairment was recognized during the nine months ended September 30, 2026, or the year ended December 31, 2025 (see Note 2). |