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Other Assets | 12 Months Ended
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Dec. 31, 2023
Other Assets |
Other Assets | Note 9 – Other Assets The Company’s other assets consists of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2023 |  | 2022
Private Corporation Investments | ​ | $ | 450,000 | ​ | $ | 450,000
Additions | ​ | ​ | 200,000 | ​ | ​ | —
Total Private Corporation Investments (at cost) | ​ | ​ | 650,000 | ​ | ​ | 450,000
​ | ​ | ​ | ​ | ​ | ​ | ​
Software Development Costs | ​ | ​ | 875,000 | ​ | ​ | 750,000
Additions | ​ | ​ | 125,000 | ​ | ​ | 125,000
Less: Accumulated Amortization | ​ | ​ | (638,889) | ​ | ​ | (375,000)
Software Development Costs, Net | ​ | ​ | 361,111 | ​ | ​ | 500,000
​ | ​ | ​ | ​ | ​ | ​ | ​
Total Other Assets | ​ | $ | 1,011,111 | ​ | $ | 950,000
​ During the year ended December 31, 2021, the Company acquired, for a purchase price of $200,000, an ownership interest of 3%, in the form of preferred stock, in a private corporation developing smart glasses software for use by retailers in the stockkeeping of inventory, amongst other uses. In the year ended December 31, 2023, the Company purchased an additional $100,000 of preferred stock in this corporation through a subsequent round of funding in order to retain a 2% ownership interest. ​ In June 2023, the Company purchased $100,000 of preferred stock, along with warrants, in a UK-based public company developing new semiconductor materials for displays. The investment represents less than a 1% ownership interest. ​ During 2020, the Company invested $500,000 in Android operating systems upgrades for its CPU platform used in its M400 and M4000 products, which was recorded as Software Development Costs. This upgrade was completed and placed into service in the beginning of the fourth quarter of 2020. This capitalized asset is being amortized on a straight-line basis over its expected product life span of thirty-six (36) months, which began on October 1, 2020 and became fully amortized in 2023. In October 2021, the Company invested $250,000 and in the first quarter of 2022 the Company invested an additional $125,000 for further Android operating systems version upgrades to the CPU platform it uses in its M400 and M4000 products. During the year ended December 31, 2023, the Company made a final investment of $125,000 to these software system upgrades, which were placed into service during the second quarter of 2023. These additional upgrades of $500,000 are being amortized on a straight-line basis over thirty-six (36) months. ​ Total amortization expense for capitalized software development costs for the years ended December 31, 2023, 2022 and 2021 was $263,549, $166,667 and $240,395, respectively, and are included in Cost of Sales – Products in the Consolidated Statements of Operations.

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