2. Intangibles and Goodwill

9 Months Ended

Sep. 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 September 30, 2025 and December 31, 2024:

	September 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		(1,531,906	)		(1,531,207	)
Net Intangible Assets	$	3,504		$	4,203

Amortization expense for each of the three months ended September 30, 2025 and 2024 was $233. Amortization expense for the nine months ended September 30, 2025 and 2024 was $699 and $3,028, respectively.

Amortization of intangibles through 2029 is:  

October 1, 2025 to September 30, 2026	$	932
October 1, 2026 to September 30, 2027		932
October 1, 2027 to September 30, 2028		932
October 1, 2028 to September 30, 2029		708

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 September 30, 2025 and December 31, 2024. The balance of goodwill at September 30, 2025 and December 31, 2024 was $1,275,811.