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Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 4. Intangible Assets

 

As of December 31, 2021, intangible assets consist of patent costs of $768,138, trademarks of $124,395 and accumulated amortization of $522,255.

 

As of December 31, 2020, intangible assets consist of patent costs of $768,138, trademarks of $119,911 and accumulated amortization of $457,833.

 

The amounts carried on the balance sheet represent cost to acquire, legal fees and similar costs relating to the patents incurred by the Company. Amortization is calculated through the expiration date of the patent. The amount charged to expenses for amortization of the patent costs was $64,422 and $63,813 for the years ended December 31, 2021 and 2020, respectively.

 

Estimated future amortization expense related to patents as of December 31, 2021, is as follows:

 

  Total Amortization 
Years ending December 31,    
2022  $64,422 
2023   64,422 
2024   64,249 
2025   48,640 
2026   4,150 
Intangible asset, net of amortization  $245,883