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Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Intangible Assets |
Intangible Assets | Note 5 – Intangible Assets Intangible assets, net, are comprised of the following at June 30, 2024 and December 31, 2023:
Name |  | Estimated Life |  | Balance at December 31, 2023 |  |  | Additions |  |  | Amortization |  |  | Balance at June 30, 2024 |
License agreement |  | 17 Years |  | $ | 901,929 |  |  | $ | - |  |  | $ | (31,464 | ) |  | $ | 870,465 |
Patents |  | 20 Years |  |  | 86,100 |  |  |  | 27,349 |  |  |  | (2,579 | ) |  |  | 110,870 |
Total |  |  |  | $ | 988,029 |  |  | $ | 27,349 |  |  | $ | (34,043 | ) |  | $ | 981,335 |
Amortization expense for the three months ended June 30, 2024 and 2023, was $17,115 and $16,954, respectively, which is included in general and administrative expenses on the condensed consolidated statements of operations. Amortization expense for the six months ended June 30, 2024 and 2023, was $34,043 and $33,864, respectively, which is included in general and administrative expenses on the condensed consolidated statements of operations. Estimated future amortization expense for the years ended December 31,:
|  | Amount |
2024 (remaining) |  | $ | 34,629 |
2025 |  |  | 69,257 |
2026 |  |  | 69,257 |
2027 |  |  | 69,257 |
2028 |  |  | 69,257 |
Thereafter |  |  | 669,678 |
Intangible assets, Net |  | $ | 981,335 |

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