INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 - INTANGIBLE ASSETS

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 pending in the European Union, and the United Kingdom.

Patents on Contextual Enveloping of Dynamic Hypertext Links and Real-Time Data Processing are pending in the United States

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 provides 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 Company’s qualifying internal research and developments costs. 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 September 30, 2023, and December 31, 2022, trademarks consisted of the following:

	September 30,			December 31,
	2023			2022
Trademarks:
NewzMineTM	$	11,494		$	9,920
Citizens Journalist™		25,367			25,367
Effects of currency translation		(3,204	)		(3,461	)
	$	33,657		$	31,826

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

	Patents		Trademarks		Intellectual Property		Capitalized Acquisition Costs		Total
Cost
At December 31, 2022	$	168,300	$	31,826	$	2,764,198	$	45,745	$	3,010,069
Additions		20,361		1,574		-		-		21,935
Effects of currency translation		1,362		257		22,388		-		24,007
At September 30, 2023	$	190,023	$	33,657	$	2,786,586	$	45,745	$	3,056,011
Less accumulated amortization
At December 31, 2022	$	4,947	$	-	$	1,674,551	$	4,576	$	1,684,074
Amortization expense		37,272		-		128,642		1,716		167,630
Effects of currency translation		40		-		13,563		-		13,603
At September 30, 2023	$	42,259	$	-	$	1,816,756	$	6,292	$	1,865,307
Net book value
At September 30, 2023	$	147,764	$	33,657	$	969,830	$	39,453	$	1,190,704
At December 31, 2022	$	163,353	$	31,826	$	1,089,647	$	41,169	$	1,325,995

During the nine months ended September 30, 2023, and 2022, the Company purchased $21,935 and $19,513 in intangible assets and recorded amortization expenses of $167,630 and $258,365, respectively. During the nine months ended September 30, 2023, and 2022, impairment of $0 and $0 was recorded. Based on the carrying value of definite-lived intangible assets as of September 30, 2023, we estimate our amortization expense for the next five years will be as follows:

					Capitalized
			Intellectual		Acquisition
Nine months ended September 30,	Patents		Property		Costs		Total
Three months 2023	$	1,847	$	34,637	$	572	$	37,056
2024		7,388		138,547		2,888		148,823
2025		7,388		138,547		2,888		148,823
2026		7,388		138,547		2,888		148,823
2027		7,388		138,547		2,888		148,823
2028		7,388		138,547		2,888		148,823
Thereafter		108,977		242,458		27,441		378,876
	$	147,764	$	969,830	$	39,453	$	1,157,047