XML 27 R16.htm IDEA: XBRL DOCUMENT v3.25.3
Intangible Assets and Goodwill
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill Intangible Assets and Goodwill
Intangible Assets
At both September 30, 2025 and December 31, 2024, the Company had recorded a gross intangible asset balance of $2,240,594, 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 September 30, 2025 and 2024. Amortization expense of intangible assets was $108,718 and $104,578 for the nine months ended September 30, 2025 and 2024, respectively. Accumulated amortization totaled $1,137,508 and $1,028,790 at September 30, 2025 and December 31, 2024, respectively.

The net amount of intangible assets of $1,103,048 at September 30, 2025, will be amortized over the weighted average remaining life of 9.15 years.
Total estimated future amortization expense is as follows:
2025 (remaining three months)$37,343 
2026147,706 
2027142,706 
2028142,706 
2029142,706 
Thereafter489,881 
$1,103,048 

Goodwill
The following table summarizes the Company’s goodwill balance:

September 30, 2025December 31, 2024
Beginning Balance$— $— 
   Additions - Fermata acquisition703,957 — 
                      Fermata acquisition - final purchase price adjustments(607,957)— 
Total$96,000 $—