Intangible Assets |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets |
Note 4 — Intangible Assets Intangible assets, net consisted of the following:
At December 31, 2021 and 2020, the Company had capitalized $306,640 and $270,000, respectively, for costs related to patents that have not been awarded. During the years ended December 31, 2021 and 2020, the Company wrote-off $528 and $20,660, respectively, in previously capitalized patent costs. Amortization expense amounted to $132,330 and $98,035 for the years ended December 31, 2021 and 2020, respectively. Amortization expense for the succeeding five years and thereafter is $147,249 (2022-2026) and $1,012,765 (thereafter). |
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|