XML 28 R16.htm IDEA: XBRL DOCUMENT v3.25.1
Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
At both March 31, 2025 and December 31, 2024, 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 $34,860 for each of the three months ended March 31, 2025 and 2024. Accumulated amortization totaled $1,063,650 and $1,028,790 at March 31, 2025 and December 31, 2024, respectively.

The net amount of intangible assets of $1,027,906 at March 31, 2025, will be amortized over the weighted average remaining life of 7.61 years.
Total estimated future amortization expense is as follows:
2025 (remaining nine months)$104,577 
2026137,770 
2027132,770 
2028132,770 
2029132,770 
Thereafter387,249 
$1,027,906