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INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

NOTE 6. INTANGIBLE ASSETS

                Intangible assets consist of patents and trademarks related to our Binary Ionization Technology. We amortize the patents over the estimated remaining lives of the related patents. The trademarks have an indefinite life. Amortization expense was $3,628 and $6,870 for the three and six months ended June 30, 2022, respectively. Amortization expense was $2,422 and $4,845 for the three and six months ended June 30, 2021, respectively.

                Definite life intangible assets consist of the following:

		June 30, 2022 (Unaudited)				December 31, 2021
Intellectual Property and Patents		$	3,073,601			$	3,065,584
Less: Accumulated Amortization			2,875,268				2,868,397
Patents, net		$	198,333			$	197,187

                Indefinite life intangible assets consist of the following:

Trademarks			781,195				759,097
Total Intangible Assets, net		$	979,528			$	956,284

Approximate future amortization is as follows:

Year Ended:		Amount
July 1 – December 31, 2022		$	7,300
December 31, 2023			14,500
December 31, 2024			14,500
December 31, 2025			14,500
December 31, 2026			14,500
Thereafter			132,700
Total		$	198,000

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- References

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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

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