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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

The Company’s intangible assets include the following on December 31, 2022:

 

   Cost Basis   Accumulated
Amortization		   Net 
Proprietary Technology  $321,000   $(214,000)  $107,000 
Total Intangible Assets  $321,000   $(214,000)  $107,000 

 

The Company’s intangible assets include the following on December 31, 2021:

 

   Cost Basis   Accumulated
Amortization		   Net 
Proprietary Technology  $321,000   $(107,000)  $214,000 
Total Intangible Assets  $321,000   $(107,000)  $214,000 

 

Amortization expense was $107,000 and $107,000 for the years ended December 31, 2022 and 2021, respectively. None of the Company’s intangible assets serve as collateral against any loans as of December 31, 2022 and 2021. The Company’s proprietary technology is being amortized over its estimated useful life of three years.