INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 7. INTANGIBLE ASSETS

The Company’s intangible assets are as follows: 

	March 31, 2023			December 31, 2022
Patents and licenses	$	2,159,448		$	2,147,728
Other		5,017			5,017
		2,164,465			2,152,745
Less: accumulated amortization		(981,404	)		(942,538	)
Intangible assets, net	$	1,183,061		$	1,210,207

Patents and licenses costs are accounted for as intangible assets and amortized over the life of the patent or license agreement and charged to research and development.

Amortization expense related to purchased intangible assets was $38,865 and $33,187 for the three months ended March 31, 2023, and 2022, respectively.

Patents and trademarks are reviewed at least annually for impairment. No impairment was recorded through March 31, 2023, and December 31, 2022, respectively.

Future amortization of intangible assets is as follows: 

2023	$	116,250
2024		154,889
2025		154,889
2026		154,889
2027 and beyond		602,144
Total	$	1,183,061