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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING STANDARDS (Tables)
9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Schedule of disaggregation of revenue
          
   Three Months Ended
September 30,
 
   2024   2023 
Device sales  $-   $- 
Licensing fee   16,941    18,664 
Equipment   18,802    5,179 
Other   288    270 
Total  $36,031   $24,113 

 

   Nine Months Ended
September 30,
 
   2024   2023 
Device sales  $55,500   $9,600 
Licensing fee   54,561    62,566 
Equipment   30,423    16,679 
Other   1,058    1,367 
Total  $141,542   $90,212 

 

Major Geographic Locations

 

   Three Months Ended
September 30,
 
   2024   2023 
U.S. sales  $20,664   $24,113 
International sales   15,367    - 
Total  $36,031   $24,113 

 

   Nine Months Ended
September 30,
 
   2024   2023 
U.S. sales  $65,523   $80,005 
International sales   76,019    10,207 
Total  $141,542   $90,212 
Schedule of patents
               
   Gross Carrying
Amount
   Accumulated
Amortization
   Net Carrying
Value
 
September 30, 2024               
Patents  $200,906   $(10,680)  $190,226 
Trademarks   62,717    (4,001)   58,716 
Total September 30, 2024  $263,623   $(14,681)  $248,942 
                
December 31, 2023               
Patents  $98,970   $(3,751)  $95,219 
Trademarks   10,573    (264)   10,309 
Total December 31, 2023  $109,543   $(4,015)  $105,528 
Schedule of unrealized loss on investments
                
   Amortized Cost   Unrealized Gain
(Loss)
   Fair Value 
September 30, 2024               
Short-term investments  $4,512,522   $(325)  $4,512,197 
Total September 30, 2024  $4,512,522   $(325)  $4,512,197 
                
December 31, 2023               
Short-term investments  $2,368,608   $(405)  $2,368,203 
Total December 31, 2023  $2,368,608   $(405)  $2,368,203 
Schedule of fair value, assets measured on recurring basis
                    
   Carrying Value   Level 1   Level 2   Level 3 
September 30, 2024                    
U.S. Treasury Notes  $4,512,197   $4,512,197   $-   $- 
                     
December 31, 2023                    
U.S. Treasury Notes  $2,368,203   $2,368,203   $-   $- 
Schedule of antidilutive shares
          
   Three Months Ended
September 30,
 
   2024   2023 
Warrants   2,662,250    2,662,250 
Stock options   2,863,129    - 
Total   5,525,379    2,662,250 

 

   Nine Months Ended
September 30,
 
   2024   2023 
Warrants   2,662,250    2,662,250 
Stock options   2,863,129    - 
Total   5,525,379    2,662,250