Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Definite-life Intangible Assets and Accumulated Amortization

The following is a summary of definite-life intangible assets less accumulated amortization as of March 31, 2023 and December 31, 2022, respectively:

 

    March 31,
2023
    December 31,
2022
 
Provisional Patent Applications   $ 717,812     $ 675,251  
Patents     529,880       524,750  
Less: Accumulated Amortization     (82,134 )     (74,716 )
                 
Net Intangible Assets   $ 1,165,558     $ 1,125,285  
Schedule of Aggregate Amortization Expense

The estimated aggregate amortization expense for years ending December 31 is as follows:

  

         
2023 (Remaining)   $ 22,404  
2024     29,872  
2025     29,872  
2026     29,872  
Thereafter     335,726  
         
Intangible asset and amortization expense   $ 447,746