Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS (Tables)

v3.23.1
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2023
INTANGIBLE ASSETS  
Schedule of Intangible Assets

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Gross carrying amount

 

$ 3,854,675

 

 

$ 3,854,675

 

Accumulated amortization

 

 

(1,092,148 )

 

 

(995,782 )

Intangible asset, net

 

$ 2,762,527

 

 

$ 2,858,893

 

 

 

 

 

 

 

 

 

 

Amortization period (in years)

 

 

10

 

 

 

10

 

Schedule of estimated future amortization expense

As of March 31, 2023, estimated future amortization expense for device technology intangible assets is as follows:

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027

 

 

Thereafter

 

$

289,098

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 931,573