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Intangible Assets

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Intangible Assets [Abstract]

INTANGIBLE ASSETS

NOTE 6 — INTANGIBLE ASSETS

Intangible assets consisted of the following:

June 30, 2024		Gross Amount			Accumulated Amortization			Net Balance			Weighted Average Remaining Useful Life
Licenses		$	1,185,633		$	733,143		$	452,490		5.67

December 31, 2023		Gross Amount			Accumulated Amortization			Net Balance			Weighted Average Remaining Useful Life
Licenses		$	1,235,633		$	703,623		$	532,010		6.61

Amortization expense for the three months ended June 30, 2024 and 2023, was $19,760 and 20,594, respectively. Amortization expense for the six months ended June 30, 2024, and 2023, was $40,354 and $41,188, respectively. During the six months ended June 30, 2024, and 2023, the Company reported an impairment of intangible assets of $39,166 and $nil, respectively, from the impairment of one license.

The following table outlines the estimated future annual amortization expense related to intangible assets as of June 30, 2024:

Year Ending December 31,
2024		$	39,522
2025			79,042
2026			79,042
2027			79,042
2028			79,042
Thereafter			96,800
Total		$	452,490

NOTE 6 — INTANGIBLE ASSETS

Intangible assets consisted of the following:

December 31, 2023		Gross Amount			Accumulated Amortization			Net Balance			Weighted Average Remaining Useful Life
Licenses		$	1,235,633		$	703,623		$	532,010		6.61

December 31, 2022		Gross Amount			Accumulated Amortization			Net Balance			Weighted Average Remaining Useful Life
Licenses		$	1,235,633		$	621,247		$	614,386		7.58

Amortization expense for the years ended December 31, 2023, and 2022 was $82,376 and $82,376, respectively.

The following table outlines the estimated future annual amortization expense related to intangible assets as of December 31, 2023:

Years ended December 31,
2024		$	82,376
2025			82,376
2026			82,376
2027			82,376
2028			82,376
Thereafter			120,130
Total		$	532,010