Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v3.24.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
INTANGIBLE ASSETS  
Summary of Intangible Assets

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBRsafeTM  Intellectual Technology

 

$ 3,854,675

 

 

$ 1,381,246

 

 

$ 2,473,429

 

 

 

10

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Intangible

 

 

Amortization Period

 

 

 

Amount

 

 

Amortization

 

 

Asset

 

 

(in years)

 

SOBRsafeTM Intellectual Technology

 

$ 3,854,675

 

 

$ 995,782

 

 

$ 2,858,893

 

 

 

10

 

Schedule of estimated future amortization expense

2024

 

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

Thereafter

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 546,109