INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

The carrying values of the Company’s intangible assets were as follows for the periods presented:

	March 31, 2023							December 31, 2022
			Accumulated							Accumulated
	Cost		Amortization			Net		Cost		Amortization			Net
Amortizable Intangible Assets:
Product Licenses	$	4,793,879	$	(1,053,094	)	$	3,740,785	$	4,793,879	$	(980,583	)	$	3,813,296
Patents and Other IP		21,935,580		(1,798,818	)		20,136,762		21,935,580		(1,492,057	)		20,443,523
Customer relationships and other		7,947,332		(986,100	)		6,961,232		7,947,332		(694,171	)		7,253,161
Total	$	34,676,791	$	(3,838,012	)	$	30,838,779	$	34,676,791	$	(3,166,811	)	$	31,509,980

As of March 31, 2023, the weighted-average amortization period for finite-lived intangible assets was 14.3 years. Amortization expense related to intangible assets was $671,201 and $110,023 for the three months ended March 31, 2023 and 2022, respectively. The estimated remaining amortization expense as of March 31, 2023 for finite-lived intangible assets is as follows:

Remainder of 2023	$	2,085,604
2024		2,780,806
2025		2,780,806
2026		2,763,550
2027		2,649,698
2028		2,616,456
Thereafter		15,161,859
Total	$	30,838,779

The Company has reviewed the carrying value of intangible assets and has determined there was no impairment during either of the three months ended March 31, 2023 or 2022.