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Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 7. Intangible Assets Intangible assets consist of costs incurred to establish the patent rights related to the Company’s quick latch and portable power station as well as soft, tough, and solar cover technologies. Worksport trademarks, licenses, and software costs. The Company’s patents were issued in 2014, 2019, 2020, and 2022. The patents and software will be amortized on a straight-line basis. At December 31, 2022, the software has not been placed into service. The Company’s trademark, licenses, and other indefinite life intangible assets are reassessed every year for impairment; the Company has determined that impairment is not necessary for the current year ended December 31, 2022. The change in intangible assets for the years ended December 31, 2022 and 2021 are as follows: Worksport Ltd. Notes to the Consolidated Financial Statements December 31, 2022 and 2021 7. Intangible Assets (continued) Schedule of Change in Intangible Assets
|  | 2022 |  |  | 2021 |
Patent |  | $ | 62,706 |  |  | $ | 62,706 |
License |  |  | 103,329 |  |  |  | - |
Trademark |  |  | 5,150 |  |  |  | 5,150 |
Software |  |  | 1,077,534 |  |  |  | 502,534 |
Other |  |  | 29,451 |  |  |  | 29,451 |
Intangible Assets, gross |  |  | 29,451 |  |  |  | 29,451 |
Less accumulated depreciation |  |  | (9,297 | ) |  |  | (6,788 | )
Intangible Assets, net |  | $ | 1,268,873 |  |  | $ | 593,053 |
Subsequent to December 31, 2022, the Company capitalized an additional $72,466 of software costs. Estimated amortization of the patent and software over the next five years and beyond December 31, 2022 is as follows: Schedule of Amortization of Patent
2024 |  | $ | 232,508 |
2023 |  | $ | 69,933 |
2024 |  | $ | 232,508 |
2025 |  | $ | 232,508 |
2026 |  | $ | 232,508 |
2027 |  | $ | 232,508 |
2028 and later |  | $ | 203,444 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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