Annual report pursuant to Section 13 and 15(d)

Intangible Assets

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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

Note 5 – Intangible Assets

 

Intangible assets consist of the following:

 

    As of December 31,  
    2022     2021  
Intangible assets: patents   $ 23,963     $ 23,963  
Less: amortization     (5,880 )     (4,654 )
Total intangible assets, net   $ 18,083     $ 19,309  

 

Amortization expense for each of the years ended December 31, 2022 and 2021 was $1,226 and $1,125, respectively.

 

The Company will recognize intangible amortization expense of $1,226 in each of the next five years. Thereafter, amortization expense will total approximately $12.0 thousand.