Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLE ASSETS (Tables)

v3.25.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
INTANGIBLE ASSETS  
Schedule of Intangible Assets

 

 

December 31,

2024

 

 

December 31,

2023

 

Gross carrying amount

 

$ 3,854,675

 

 

$ 3,854,675

 

Accumulated amortization

 

 

(1,766,710 )

 

 

(1,381,246 )

Net intangible asset

 

$ 2,087,965

 

 

$ 2,473,429

 

Amortization period (in years)

 

 

10

 

 

 

10

 

Schedule of estimated future amortization expense

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

Thereafter

 

$

385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 385,464

 

 

$ 160,645