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Additional Balance Sheet Information
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Balance Sheet Information

Note 4 – Additional Balance Sheet Information

 

Equipment, net

 

Equipment consists of computers, furniture and fixtures and is presented net of accumulated depreciation from continuing operations for a net book value of $2,153 and $3,359 as of March 31, 2025 and December 31, 2024, respectively. Depreciation expense from continuing operations for the three months ended March 31, 2025 and 2024 was $894 and $2,202, respectively.

 

 

Intangible assets, net

 

Intangible assets, net of accumulated amortization as of March 31, 2025 and December 31, 2024 consisted of the following:

 

    Weighted Average Amortization Period (Years)     Cost, Net of Impairment     Accumulated Amortization     Net  
Balance, March 31, 2025                              
Acquired technology   5     $ 24,700     $ 12,756     $ 11,944  
          $ 24,700     $ 12,756     $ 11,944  
                               
Balance, December 31, 2024                              
Acquired technology   5     $ 24,700     $ 11,538     $ 13,162  
          $ 24,700     $ 11,538     $ 13,162  

 

Amortization expense from continuing operations on intangible assets for the three months ended March 31, 2025 and 2024 was $1,218 and $1,231, respectively. The Company sold $150,000 of software in development to a third party during the first quarter of 2024.