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Other Assets
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Other Assets

Note 6. Other Assets

 

Other assets as of September 30, 2024, and December 31, 2023 are summarized as follows:

 

   September 30, 2024   December 31, 2023 
         
Intangibles, net – See Note 6   40,227    52,513 
Other – See Note 7   326,061    76,062 
 Total Other assets  $366,288   $128,575 

 

 

SHARPS TECHNOLOGY, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

 

Note 6. Other Assets

 

Other assets as of December 31, 2023 and 2022 are summarized as follows:

 

   December 31,   December 31, 
   2023   2022 
         
Intangibles, net  $52,513   $62,480 
Deposits or advance payments on machinery, molds and components (see Note 15)   

-

    336,466 
Other   76,062    12,370 
Other assets  $128,575   $411,316 

 

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, 2023 was $15,184.