Intangible Assets

6 Months Ended

Jun. 30, 2022

Intangible Assets [Abstract]

Intangible Assets

Note 5: Intangible Assets

Intangible assets consist of the following:

	June 30, 2022			December 31, 2021
Patents	$	321,578		$	338,361
Trademark		24,349			26,555
Start-Up Cost		1,183			1,291
Software		673,910			734,961
Government grants		-			(168	)
Total intangible assets		1,021,020			1,101,000
Less: Accumulated amortization		(642,539	)		(662,219	)
Intangible assets, net	$	378,481		$	438,781

Amortization expense for the three months ended June 30, 2022 and 2021 were $18,079 and $7,817, respectively, and for the six months ended June 30, 2022 and 2021, were $36,886 and $15,752, respectively.

Future amortization expense of the Company’s intangible assets at June 30, 2022 is expected to be as follows:

Years ending December 31,
2022 (remaining six months)	$	53,944
2023		79,158
2024		78,392
2025		77,238
2026		68,038
Thereafter		21,711
Total	$	378,481

As noted in Note 2, the government grants received is against the values of assets acquired or the expenses incurred.