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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
INTANGIBLE ASSETS  
Definite Life Intangible Assets

 

 

September 30, 2022

(Unaudited)

 

 

December 31, 2021

 

Intellectual Property and Patents

 

$3,073,601

 

 

$3,065,584

 

Less: Accumulated Amortization

 

 

2,878,895

 

 

 

2,868,397

 

Patents, net

 

$194,706

 

 

$197,187

 

Indefinite Life Intangible Assets

Trademarks

 

 

781,194

 

 

 

759,097

 

 

Total Intangible Assets, net

 

$975,900

 

 

$956,284

 

Approximate Future Amortization

Year Ended:

 

Amount

 

 

 

 

 

October 1 – December 31, 2022

 

$3,700

 

December 31, 2023

 

 

14,500

 

December 31, 2024

 

 

14,500

 

December 31, 2025

 

 

14,500

 

December 31, 2026

 

 

14,500

 

Thereafter

 

 

133,000

 

 

Total

 

$194,700