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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 9. INTANGIBLE ASSETS

 

The Company’s intangible assets are as follows:

           
    December 31,
2024		     December 31,
2023		  
             
Patents and licenses   $ 2,584,072     $ 2,267,251  
Other     5,017       5,017  
      2,589,089       2,272,268  
Less: accumulated amortization     (1,295,385 )     (1,103,645 )
Intangible assets, net   $ 1,293,705     $ 1,168,623  

 

Amortization expense related to purchased intangible assets was $191,739 and $161,107 for the years ended December 31, 2024, and 2023, respectively.

 

UC royalties are paid annually, amortized over twelve months, and charged to cost of revenue.

 

Patents and trademarks are reviewed at least annually for impairment. No impairment was recorded through December 31, 2024, and 2023, respectively.

 

Future amortization of intangible assets is as follows:

     
2025  $213,267 
2026   213,267 
2027   213,267 
2028   213,267 
2029 and beyond   440,637 
Total  $1,293,705