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INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2022

INTANGIBLE ASSETS

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 $14,495 and $11,406 for the years ended December 31, 2022 and 2021, respectively.

Definite life intangible assets consist of the following:

		December 31, 2022				December 31, 2021
Intellectual Property and Patents		$	3,108,063			$	3,065,584
Less: Accumulated Amortization			2,882,892				2,868,397
Patents, net		$	225,171			$	197,187

                Indefinite life intangible assets consist of the following:

Trademarks 800,565 759,097

Total Intangible Assets, net $ 1,025,736 $ 956,284

                    Approximate future amortization is as follows:

Approximate future amortization is as follows:

Year Ended:		Amount
December 31, 2023			14,500
December 31, 2024			14,500
December 31, 2025			14,500
December 31, 2026			14,500
December 31, 2027			152,500
Thereafter			14,500
		$	197,000

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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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