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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
INTANGIBLE ASSETS  
Definite Life Intangible Assets

 

 

December 31, 2023

 

 

December 31, 2022

 

Intellectual Property and Patents

 

$3,196,396

 

 

$3,108,063

 

Less: Accumulated Amortization

 

 

2,904,013

 

 

 

2,882,892

 

Patents, net

 

$292,383

 

 

$225,171

 

Indefinite Life Intangible Assets

Trademarks

 

 

830,863

 

 

 

800,565

 

Total Intangible Assets, net

 

$1,123,246

 

 

$1,025,736

 

Approximate Future Amortization

Year Ended:

 

Amount

 

 

 

 

 

December 31, 2024

 

 

20,000

 

December 31, 2025

 

 

20,000

 

December 31, 2026

 

 

20,000

 

December 31, 2027

 

 

20,000

 

December 31, 2028

 

 

20,000

 

Thereafter

 

 

192,000

 

Total

 

$292,000