2. Intangibles and Goodwill

6 Months Ended

Jun. 30, 2025

Notes

2. Intangibles and Goodwill

2. Intangibles and Goodwill 

The Company considers all intangibles to be definite-lived assets with lives of 5 to 10 years. Intangibles consisted of the following at June 30, 2025 and December 31, 2024:

	June 30,		December 31,
	2025		2024
CBDS.com website (Cannabis Sativa)	$	13,999	$	13,999
Intellectual Property Rights (PrestoCorp)		240,000		240,000
Patents and Trademarks (KPAL)		1,281,411		1,281,411
Total Intangibles		1,535,410		1,535,410
Less: Accumulated Amortization		(1,531,673)		(1,531,207)
Net Intangible Assets	$	3,737	$	4,203

Amortization expense for each of the three months ended June 30, 2025 and 2024 was $233. Amortization expense for the six months ended June 30, 2025 and 2024 was $466 and $2,590, respectively.

Amortization of intangibles through 2029 is:  

July 1, 2025 to June 30, 2026	$	932
July 1, 2026 to June 30, 2027		932
July 1, 2027 to June 30, 2028		932
July 1, 2028 to June 30, 2029		932
July 1, 2029 to June 30, 2030		9

Goodwill in the amount of $3,010,202 was recorded as part of the acquisition of PrestoCorp that occurred on August 1, 2017. Cumulative impairment of the PrestoCorp goodwill totals $1,734,391 as of June 30, 2025 and December 31, 2024. The balance of goodwill at June 30, 2025 and December 31, 2024 was $1,275,811.