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CAPITALIZED PATENT COSTS
 3 Months Ended
Mar. 31, 2026
Capitalized Patent Costs  
CAPITALIZED PATENT COSTS

NOTE 9 – CAPITALIZED PATENT COSTS

 

The Company has applied for a number of patents and a trademark relating to its proposed business plan.

  

   Weighted Average Remaining Useful Life (in years)   Cost   Accumulated Amortization   Net Book Value 
March 31, 2026                    
                     
Pending patent applications   N/A   $807,650   $-   $807,650 
Granted patents   17.9    435,847    (40,299)   395,548 
Total patent costs       $1,243,497   $(40,299)  $1,203,198 
                     
December 31, 2025                    
                     
Pending patent applications   N/A   $1,069,914   $-   $1,069,914 
Granted patents   18.1    363,227    (34,846)   328,381 
Total patent costs       $1,433,141   $(34,846)  $1,398,295 

 

During the three months ending March 31, 2026 and 2025, the Company recognized amortization expense in its Renewables segment in respect of granted patents of $5,453 and $3,922, respectively.

 

During the three months ending March 31, 2026 and 2025, the Company wrote off application costs incurred on abandoned patent applications in its Renewables segment of $283,927 and $nil, respectively.

 

As of March 31, 2026, expected amortization expense for granted patents for the next five years thereafter are as follows:

  

   As of March 31, 2026 
2026 (remainder of the year)  $16,344 
2027   21,792 
2028   21,792 
2029   21,792 
2030   21,792 
Thereafter   292,036 
Total  $395,548