XML 19 R9.htm IDEA: XBRL DOCUMENT v3.25.3
NOTE 3 — Intangible Assets
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
NOTE 3 — Intangible Assets

NOTE 3 — Intangible Assets

 

In 2021, the Company entered into the Technology Transfer Agreement with SpringCard SAS. The Unaudited Condensed Balance Sheets include the intangible assets of the acquired technology at the carrying amount, net of amortization of $1,336,601 as of September 30, 2025.

 

The intangible assets are amortized on a straight-line basis over their estimated useful lives of fifteen years, beginning on April 1, 2021. As of September 30, 2025, the estimated future amortization of these intangible assets is as follows:

 

SOCKET MOBILE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS
(Unaudited)

September 30, 2025

 

         
Fiscal Year   Amount
2025 (October 1, 2025 to December 31, 2025)   $31,824 
2026    127,296 
2027    127,296 
2028    127,296 
2029    127,296 
Thereafter    795,593 
    $1,336,601

 

 

The amortization expense was $31,824 and $95,472 for the three and nine months ended September 30 in both 2025 and 2024.