XML 25 R13.htm IDEA: XBRL DOCUMENT v3.25.1
INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2025
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 $6,798 and $4,878 for the three months ended March 31, 2025 and 2024, respectively.

Definite life intangible assets consist of the following:

 

 

 

March 31, 2025

(Unaudited)

 

 

December 31,

2024

 

Intellectual Property and Patents

 

$3,350,031

 

 

$3,350,031

 

Less: Accumulated Amortization

 

 

2,937,119

 

 

 

2,930,321

 

Patents, net

 

$412,912

 

 

$419,710

 

 

Indefinite life intangible assets consist of the following:

 

Trademarks

 

 

830,864

 

 

 

830,864

 

 

Total Intangible Assets, net

 

$1,243,776

 

 

$1,250,574

 

 

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

 

Year Ended:

 

 Amount

 

April 1 - December 31, 2025

 

$21,000

 

December 31, 2026

 

 

28,000

 

December 31, 2027

 

 

28,000

 

December 31, 2028

 

 

28,000

 

December 31, 2029

 

 

28,000

 

Thereafter

 

 

280,000

 

Total

 

$413,000