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INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 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. Trademarks have an indefinite life. Amortization expenses were $4,878 and $14,633 for the three and nine months ended September 30, 2024, respectively. Amortization expense was $3,773 and $11,312 for the three and nine months ended September 30, 2023, respectively.

Definite life intangible assets consist of the following:

		September 30, 2024 (Unaudited)				December 31, 2023
Intellectual Property and Patents		$	3,196,396			$	3,196,396
Less: Accumulated Amortization			2,918,646				2,904,013
Patents, net		$	277,750			$	292,383

Indefinite life intangible assets consist of the following:

Trademarks 830,864 830,863

Total Intangible Assets, net $ 1,108,614 $ 1,123,246

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

Year Ended:		Amount
October 1 – December 31, 2024		$	5,000
December 31, 2025			20,000
December 31, 2026			20,000
December 31, 2027			20,000
December 31, 2028			20,000
Thereafter			193,000
Total		$	278,000

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