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NOTE 2 — Intangible Assets
 12 Months Ended
Dec. 31, 2024
Statement of Financial Position [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, 2024, our Balance Sheets reflect the intangible assets of the acquired technology at a net carrying amount of $1,432,073, after accumulated amortization.

 

The anticipated future amortization of these intangible assets as of December 31, 2024, is as follows:

 

      
Fiscal Year  Amount
2025    127,296
2026    127,296
2027    127,296
2028    127,296
2029    127,296
Thereafter     795,593
    $1,432,073