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Intangible Assets
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

5. Intangible Assets

 

Intangible assets consisted of the following at:

 

June 30, 2023:

 

  

Estimated

Useful Life

  Gross Amount   Accumulated Amortization   Net Amount 
Trademarks  Indefinite  $56,248   $-   $56,248 
Patents  17 years   116,076    11,517    104,559 
License agreement  17 years   80,773    -    80,773 
Intangible Assets     $253,097   $11,517   $241,580 

 

December 31, 2022:

 

  

Estimated

Useful Life

  Gross Amount   Accumulated Amortization   Net Amount 
Trademarks  Indefinite  $53,999   $-   $53,999 
Patents  17 years   108,198    8,140    100,058 
License agreement  17 years   65,510    -    65,510 
Intangible Assets     $227,707   $8,140   $219,567 

 

During the three and six months ended June 30, 2023, amortization expense related to intangible assets was $1,780 and $3,377, respectively. During the three and six months ended June 30, 2022, amortization expense related to intangible assets was $730 and $1,460, respectively.

 

 

AZITRA, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

For The Three and Six Months Ended June 30, 2023 and 2022