INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 10. INTANGIBLE ASSETS

The Company’s intangible assets are as follows:

	December 31, 2023			December 31, 2022
Patents and licenses	$	2,267,251		$	2,147,728
Other		5,017			5,017
		2,272,268			2,152,745
Less: accumulated amortization		(1,103,645	)		(942,538	)
Intangible assets, net	$	1,168,623		$	1,210,207

Amortization expense related to purchased intangible assets was $161,107 and $139,121 for the years ended December 31, 2023, and 2022, respectively.

UC royalties are paid annually, amortized over twelve months, and charged to cost of revenue.

Patents and trademarks are reviewed at least annually for impairment. No impairment was recorded through December 31, 2023, and 2022, respectively.

Future amortization of intangible assets is as follows:

2024	$	169,002
2025		168,951
2026		168,951
2027		168,951
2028 and beyond		492,768
Total	$	1,168,623