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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

 

Intangible assets consisted of the following at December 31:

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Intellectual property

 

$307,100

 

 

$307,100

 

Customer base

 

 

142,000

 

 

 

142,000

 

Non-compete agreements

 

 

8,300

 

 

 

8,300

 

Less accumulated amortization

 

 

(457,400 )

 

 

(390,680 )

 

 

 

 

 

 

 

 

 

Net

 

$-

 

 

$66,720

 

 

Amortization expense was $66,720 and $91,480 for the years ended December 31, 2022 and 2021. The intangible assets were amortized on a straight-line basis over an estimated useful life of 5 years.