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NOTE 2 — Intangible Assets

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

NOTE 2 — Intangible Assets

NOTE 2 — Intangible Assets

In 2021, the Company entered into the Technology Transfer Agreement with SpringCard SAS (“SpringCard”), a market leader at the forefront of innovative electronic design and development. Its contactless and wireless solutions support a wide range of customers, ranging from large multinational corporations to locally focused businesses. As of December 31, 2023, our Balance Sheets reflect the intangible assets of the acquired technology at a net carrying amount of $1,559,369, after accumulated amortization.

The anticipated future amortization of these intangible assets as of December 31, 2023, is as follows:


Fiscal Year				Amount
	2024				127,296
	2025				127,296
	2026				127,296
	2027				127,296
	2028				127,296
	Thereafter				922,889
	Total			$	1,559,369