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INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

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 $4,878 and $3,773 for the three months ended March 31, 2024 and 2023, respectively.

Definite life intangible assets consist of the following:

		March 31, 2024 (Unaudited)				December 31, 2023
Intellectual Property and Patents		$	3,196,396			$	3,196,396
Less: Accumulated Amortization			2,908,890				2,904,013
Patents, net		$	287,506			$	292,383

            Indefinite life intangible assets consist of the following:

Trademarks 830,863 830,863

Total Intangible Assets, net $ 1,118,369 $ 1,123,246

Approximate future amortization is as follows (rounded to nearest thousandth):

Year Ended:		Amount
April 1 – December 31, 2024		$	15,000
December 31, 2025			20,000
December 31, 2026			20,000
December 31, 2027			20,000
December 31, 2028			20,000
Thereafter			193,000
Total		$	288,000

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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
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350-30/tableOfContent

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