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Long Lived Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Long Lived Intangible Assets

NOTE 7 - LONG LIVED INTANGIBLE ASSETS

 

Intangible assets on the Company's consolidated balance sheets as of June 30, 2026 and December 31, 2025 consist of patents pending for internally developed technology. In 2025, the Company capitalized costs of $73,908 related to patent applications and filing fees, and in the six month period ended June 30, 2026, the Company capitalized additional costs of $6,287 related to patent applications and filing fees. Finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method, which approximates the pattern in which the economic benefits are consumed. The estimated useful lives for the patents pending are 10 years. No amortization expense related to long-lived intangible assets was recognized in the three or six month periods ended June 30, 2026 or 2025.

 

The balances outstanding for long-lived intangible assets as of June 30, 2026 and December 31, 2025 were $80,195 and $73,908, respectively.