INTELLECTUAL PROPERTY

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTELLECTUAL PROPERTY

NOTE 4: INTELLECTUAL PROPERTY

The following table summarizes the components of our intellectual property as of the dates presented:

	September 30, 2022			December 31, 2021
Intellectual property:
WordPress® GDPR rights	$	46,800		$	46,800
ARALOC®		1,850,000			1,850,000
ArcMail®		1,445,000			1,445,000
DataExpress®		1,388,051			1,388,051
FileFacets®		135,000			135,000
IntellyWP™		60,000			60,000
Resilient Network Systems		305,000			305,000
		5,229,851			5,229,851
Accumulated amortization		(4,650,849	)		(3,960,032	)
Intellectual property, net of accumulated amortization	$	579,003		$	1,269,819

We recognized amortization expense of $690,816 and $724,566 for the nine months ended September 30, 2022, and 2021, respectively. We recognized amortization expense of $230,272 and $241,522 for the three months ended September 30, 2022, and 2021, respectively.

Based on the carrying value of definite-lived intangible assets as of September 30, 2022, we estimate our amortization expense for the next five years will be as follows:

	Amortization
Year Ended December 31,	Expense
2022 (excluding the nine months ended September 30, 2022)	$	124,668
2023		411,585
2024		27,000
Thereafter		15,750
	$	579,003