XML 30 R15.htm IDEA: XBRL DOCUMENT

Other Assets

12 Months Ended

Dec. 31, 2022

Note 9 – Other Assets

The Company’s other assets consists of the following:


	December 31,		December 31,
	2022		2021
Private Corporation Investments (at cost)	$	450,000	$	450,000

Software Development Costs		750,000		500,000
Additions		125,000		250,000
Less: Accumulated Amortization		(375,000)		(208,334)
Software Development Costs, Net		500,000		541,666

Unamortized Common Stock Expense included in Long-Term Prepaid Expenses		631,143		491,923

Total Other Assets	$	1,581,143	$	1,483,589

During 2020, the Company invested $500,000 in Android operating systems upgrades for its CPU platform used on its M400 and M4000 products. This upgrade was finished and placed into service in the beginning of the fourth quarter of 2020. This capitalized asset will be amortized on a straight-line over its expected product life cycle of 36 months, which began on October 1, 2020. In October 2021, the Company invested $250,000 for further Android operating systems version upgrades to the CPU platform it uses on its M400 and M4000 products. This development work has not yet been completed and will ultimately be amortized once placed into service which is expected in the first quarter of 2023.

Total amortization expense for capitalized software development costs for the years ended December 31, 2022, 2021 and 2020 was $166,667, $240,395 and $183,328, respectively, and are included in Cost of Sales – Products in the Consolidated Statements of Operations.