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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of inventory

Inventory		Dec 31, 23				Dec 31, 22
Equipment Parts Inventory		$	862,941			$	759,930
Finished Goods Inventory			1,033,104				254,656
Sales Demo Inventory			162,958				0
Work in process Inventory			243,029				31,434
Inventory Reserve		$	(24,216	)		$
Total Inventory		$	2,277,816			$	1,046,020

Estimated useful lives for significant property and equipment

Category		Economic Useful Life
Office furniture and fixtures		3-5 years
Machinery and equipment		5-7 years
Intangible Assets		15 years

Schedule of fixed assets

		31-Dec
Fixed Assets		2023				2022
Accumulated Depreciation		$	(729,956	)		$	(483,800	)
Machinery & Equipment			796,783				797,695
Office Furniture & Computer Equipment			77,487				80,909
Vehicles			90,959				9,989
R&D Equipment			37,973				37,973
Leasehold improvments			31,775				-
Demostration equipment		$	647,790			$	647,790
Total Fixed Assets		$	952,811			$	1,090,556

Schedule of intangible assets

		December 31st
Intangible Assets		2023				2022
Accumulated Amortization		$	(725,228	)		$	(469,229	)
Customer Relationships			211,000				211,000
Equipment Design Documentation			2,675,000				2,675,000
Operational Software & Website			339,539				305,470
Trademarks			216,800				216,800
License & Patents		$	1,562,875			$	-
Total Intangible Assets		$	4,279,986			$	2,939,041

Schedule of income taxes

		2023				2022
		$				$
Expected income tax (expense) recovery from net (income) loss			790,846				439,754
Tax effect of expenses not deductible for income tax:
Annual effect of book/tax differences			3,765,932				2,094,064
Change in the valuation allowance			(4,586,841	)			(2,533,818	)

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