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Other Assets
 12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 6. Other Assets

 

Other assets as of December 31, 2022 and 2021 are summarized as follows:

 

   December 31,   December 31, 
   2022   2021 
Acquisition (see Note 5)  $-   $472,701 
Intangibles, net   62,480    - 
Deposits or advance payments on machinery, molds and components (see Note 15)   336,466    - 
Other   12,370    57,162 
Other assets  $411,316   $529,863 

 

Intangibles are related to the Asset Acquisition (see Note 5) and consist of an acquired workforce and permits. Amortization for the year ended December 31, 2022 was $6,882.

 

 

SHARPS TECHNOLOGY, INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021