Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS (Tables)

v3.25.1
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
INTANGIBLE ASSETS  
Schedule of Intangible Assets

 

 

March 31,

2025

 

 

December 31,

2024

 

Gross carrying amount

 

$ 3,854,675

 

 

$ 3,854,675

 

Accumulated amortization

 

 

(1,863,076 )

 

 

(1,766,710 )

Net intangible asset

 

$ 1,991,599

 

 

$ 2,087,965

 

Amortization period (in years)

 

 

10

 

 

 

10

 

Schedule of estimated future amortization expense

2025

 

$ 289,098

 

2026

 

 

385,464

 

2027

 

 

385,464

 

2028

 

 

385,464

 

2029

 

 

385,464

 

Thereafter

 

 

160,645

 

Total future amortization expense

 

$ 1,991,599