Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.23.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2023 and December 31, 2022, respectively:

 

   

September 30,

2023

   

December 31,

2022

 
Provisional Patent Applications   $

777,235

    $ 675,251  
Patents     568,280       524,750  
Less: Accumulated Amortization     (97,818 )     (74,716 )
                 
Net Intangible Assets   $ 1,247,697     $ 1,125,285  
Schedule of Aggregate Amortization Expense

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

 

         
2023 (Remaining)   $ 8,033  
2024     32,131  
2025     32,131  
2026     32,131  
Thereafter     366,036  
         
Amortization expense   $ 470,462