Patents

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Patents

4. Patents

We have patented technologies with a focus on artificial intelligence (“AI”), machine learning with optimization, and Smart Deployment algorithms. The technologies involve anticipating passenger demand and dispatching cars in advance to reduce wait times, increase vehicle utilization, and decrease costs. It includes a new and efficient system for tracking and charging customers with preferred rates, supply and demand rates, and “specific” community engagement.

We currently own the following patents, which have been issued and which are pending:

· U.S. Patent 9984574, issued May 29, 2018, claims priority to provisional application filed on Jan. 21, 2014.

· U.S. Patent 11217101, issued January 4, 2022, claims priority to provisional application filed on January 21, 2014.

The software platform underlying the patents has not generated any revenue to date, and there is no assurance that revenue will be generated from these patent technologies. As a result, we have recorded the patent assets at the cost of patent fees and other expenses incurred to produce and file the patents. During the years ended December 31, 2024, and 2023, we recorded patent amortization expense of $0 and $406, respectively.

On December 31, 2024, the Company sold all of its patents, along with software and equipment, to Boumarang Inc. Accordingly, no patents remained on the balance sheet as of December 31, 2024.