INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 - INTANGIBLE ASSETS

Patents

A Patent on the Internet-Search Mechanism (“IBSM”) has been granted in the United States, South Africa, New Zealand, Canada, and Australia The patent is currently pending in the European Union, and the United Kingdom.

Patents are reported at cost, less accumulated amortization, and accumulated impairment loss. Costs include expenditure that is directly attributable to the acquisition of the asset. Once a patent is providing economic benefit to the Company, amortization is provided on a straight-line basis on all patents over their expected useful lives of 20 years.

Intellectual Property

Intellectual property capitalizes the costs of the Company’s qualifying internal research and developments. Intellectual property is amortized over its useful life of 7 years and reported at cost less accumulated amortization and accumulated impairment loss.

Trademarks

The Company has the following trademarks.

Mark	Category	Proprietor	Country	Class(es)	Status	Reg. Date.	File No.
CITIZENS JOURNALIST	Words	Bubblr Limited	European Union	9 38	REGISTERED	16-Nov-2019	206382.EM.01
CITIZENS JOURNALIST	Word	Bubblr Limited	United Kingdom	9 38	REGISTERED	05-Jul-2019	206382.GB.01
CITIZENS JOURNALIST	Words	Bubblr Limited	United Kingdom	9 38	REGISTERED	16-Nov-2019	206382.GB.02
CITIZENS JOURNALIST	Word	Bubblr Limited	United States	9 38 41 42	REGD-DEC USE	08-Feb-2022	206382.US.01
	Words and Color Device	Bubblr Limited	European Union	9 38	REGISTERED	16-Nov-2019	206383.EM.01
	Series of Logos	Bubblr Limited	United Kingdom	9 38	REGISTERED	05-Jul-2019	206383.GB.01
	Words and Color Device	Bubblr Limited	United Kingdom	9 38	REGISTERED	16-Nov-2019	206383.GB.02
	Words and Device	Bubblr Limited	United States	9 38 41 42	ACCEPTED		206383.US.01
BAU NOT OK/BAU Not OK	Series of Marks	Bubblr Limited	United Kingdom	9 38	REGISTERED	11-Oct-2019	208674.GB.01
NEWZMINE/NewzMine	Series of Marks	Bubblr Limited	United Kingdom	9 38 42	REGISTERED	25-Dec-2020	227753.GB.01

The Company capitalizes trademark costs where the likelihood of acceptance is expected. Each trademark has been determined to have an infinite useful life and is assessed each reporting period for impairment. If there has been a reduction in the value of the trademark or if the trademark is not successfully registered, the assets will be impaired and charged to expense in the period of impairment.

As of June 30, 2023 and December 31, 2022, trademarks consisted of the following:

	June 30,			December 31,
	2023			2022
Trademarks:
NewzMineTM	$	11,226		$	9,920
Citizens Journalist™		25,367			25,367
Effects of currency translation		(1,936	)		(3,461	)
	$	34,657		$	31,826

As of June 30, 2023 and December 31, 2022, intangible assets consisted of the following:

Cost	Patents		Trademarks		Intellectual Property		Capitalized Acquisition Costs		Total
At December 31, 2022	$	168,300	$	31,826	$	2,764,198	$	45,745	$	3,010,069
Additions		11,533		1,306		-		-		12,839
Effects of currency translation		8,066		1,525		132,488		-		142,079
At June 30, 2023	$	187,899	$	34,657	$	2,896,686	$	45,745	$	3,164,987
Less accumulated amortization
At December 31, 2022	$	4,947	$	-	$	1,674,551	$	4,576	$	1,684,074
Amortization expense		25,831		-		89,150		1,144		116,125
Effects of currency translation		237		-		80,261		-		80,498
At June 30, 2023	$	31,015	$	-	$	1,843,962	$	5,720	$	1,880,697
Net book value
At June 30, 2023	$	156,884	$	34,657	$	1,052,724	$	40,025	$	1,284,290
At December 31, 2022	$	163,353	$	31,826	$	1,089,647	$	41,169	$	1,325,995

During the six months ended June 30, 2023 and 2022, the Company purchased $12,839 and $19,228, respectively, in intangible assets and recorded amortization expenses of $116,125 and $187,621, respectively. During the six months ended June 30, 2023 and 2022, impairment of $0 and $0 was recorded. Based on the carrying value of definite-lived intangible assets as of June 30, 2023 we estimate our amortization expense for the next five years will be as follows:

					Capitalized
			Intellectual		Acquisition
Six months ended June 30,	Patents		Property		Costs		Total
6 months remaining 2023	$	3,922	$	75,195	$	1,144	$	80,261
2024		7,844		150,389		2,288		160,521
2025		7,844		150,389		2,288		160,521
2026		7,844		150,389		2,288		160,521
2027		7,844		150,389		2,288		160,521
2028		7,844		150,389		2,288		160,521
Thereafter		113,742		225,584		27,441		366,767
	$	156,884	$	1,052,724	$	40,025	$	1,249,633