XML 31 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 5 – Intangible Assets

 

Intangible assets, net, consisted of the following at December 31, 2023 and 2024:

Schedule of intangible assets    
Balance as of December 31, 2022  $776,856 
Dossier fee additions   710,372 
Balance at December 31, 2023   1,487,228 
Less accumulated amortization   (42,969)
Finite-lived intangible assets, net at December 31, 2023  $1,444,259 
      
Balance as of December 31, 2023  $1,444,259 
Dossier fee additions   1,651,617 
Balance at December 31, 2024   3,095,876 
Less accumulated amortization   (76,159)
Finite-lived intangible assets, net at December 31, 2024  $3,019,717 

 

The amortization amounts of intangible assets for 2024 and 2023 were $77,009 and $38,446, respectively.

 

As of December 31, 2024, the estimated amortization expense of the Company’s intangible assets for each of the next five years is as follows:

    
2025  $112,707 
2026   111,600 
2027   75,293 
2028   66,969 
2029   22,527