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INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 10 - INTANGIBLE ASSETS

Intangible assets are as follows:

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June 30, 

    

December 31, 

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2025

​

2024

Technology license – Skinvisible

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$

1,000,000

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$

1,000,000

Total cost

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1,000,000

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1,000,000

Accumulated amortization

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(566,666)

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(516,666)

Net book value

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$

433,334

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$

483,334

​

The Company recorded amortization expense of approximately $25,000 and $25,000 in the three months ended June 30, 2025 and 2024, respectively. The Company recorded amortization expense of approximately $50,000 and $50,000 in the six months ended June 30, 2025 and 2024, respectively. The annual amortization expense expected to be recorded for existing intangible assets for the years 2025 through 2029, is approximately $50,000, $100,000, $100,000, 100,000 and $83,000, respectively.