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INTANGIBLE ASSETS | 5 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 9. INTANGIBLE ASSETS The Company’s intangible assets are as follows:
Schedule of intangible assets |  |  |  |  |  |  |  |
|  | June 30, 2023 |  |  | December 31, 2022 |
Patents and licenses |  | $ | 2,220,363 |  |  | $ | 2,147,728 |
Other |  |  | 5,017 |  |  |  | 5,017 |
Total intangible assets gross |  |  | 2,225,380 |  |  |  | 2,152,745 |
Less: accumulated amortization |  |  | (1,021,343 | ) |  |  | (942,538 | )
Intangible assets, net |  | $ | 1,204,037 |  |  | $ | 1,210,207 |
Patents and licenses costs are accounted for as intangible assets and amortized over the life of the patent or license agreement and charged to research and development. Amortization expense related to purchased intangible assets was $39,940 and $33,396 for the three months ended June 30, 2023, and 2022, respectively. Amortization expense related to purchased intangible assets was $78,805 and $66,583 for the six months ended June 30, 2023, and 2022, respectively. Patents and trademarks are reviewed at least annually for impairment. No impairment was recorded through June 30, 2023, and December 31, 2022, respectively. Future amortization of intangible assets is as follows:
Schedule of future amortization |  |  |  |
2023 |  | $ | 81,096 |
2024 |  |  | 162,191 |
2025 |  |  | 162,191 |
2026 |  |  | 162,191 |
2027 and beyond |  |  | 636,368 |
Total |  | $ | 1,204,037 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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