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Intangible Assets
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
At both June 30, 2023 and December 31, 2022, the Company had recorded a gross intangible asset balance of $2,091,556, which is related to patent and intangible property rights acquired. Amortization expense of intangible assets was $34,859 each for the three months ended June 30, 2023 and 2022. Amortization expense of intangible assets was $69,719 each for the six months ended June 30, 2023 and 2022. Accumulated amortization totaled $819,635 and $749,916 at June 30, 2023 and December 31, 2022, respectively.

The net amount of intangible assets of $1,271,921 at June 30, 2023, will be amortized over the weighted average remaining life of 9.3 years.
Total estimated future amortization expense is as follows:
2023 (remaining six months)$69,717 
2024139,437 
2025139,437 
2026137,770 
2027132,770 
Thereafter652,790 
$1,271,921