INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

Patents

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

A Patent entitled “Contextual Enveloping Via Dynamically Generated Hyperlinking.” (US Patent Application No. 17/980,298) has been filed. This will define an alternative mobile search system purely for information rather than goods and services, which our original patent covers.

A Patent

Patents are reported at cost, less accumulated amortization, and accumulated impairment loss. Costs include expenditures that are 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 represents capitalized 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 asset will be impaired and charged to expense in the period of impairment.

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

	December 31, 2023			December 31, 2022
Trademarks:
NewzMineTM	$	12,994		$	9,920
Citizens Journalist™		25,367			25,367
Effects of currency translation		(1,804	)		(3,461
	$	36,557		$	31,826

As of December 31, 2023, and 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		43,865		3,075		201,431		—		248,371
Effects of currency translation		8,761		1,657		143,911		—		154,329
At December 31, 2023	$	220,926	$	36,558	$	3,109,540	$	45,745	$	3,412,769
Less accumulated amortization
At December 31, 2022	$	4,947	$	—	$	1,674,551	$	2,288	$	1,684,074
Amortization expense		3,333		—		179,005		2,288		184,626
Effects of currency translation		261		—		87,180		—		87,441
At December 31, 2023	$	8,541	$	—	$	1,940,736	$	4,576	$	1,956,141
Net book value
At December 31, 2023	$	212,385	$	36,558	$	1,168,804	$	38,881	$	1,456,628
At December 31, 2022	$	163,353	$	31,826	$	1,089,647	$	41,169	$	1,325,995

During the year ended December 30, 2023, and 2022, the Company purchased $248,371 and $238,897, respectively, in intangible assets, and recorded amortization expense of $184,626 and $372,976, respectively.

During the years ended December 31, 2023, and 2022, impairment of $0 and $0 was recorded. Based on the carrying value of definite-lived intangible assets as of December 31, 2023, we estimate our amortization expense for the next five years will be as follows:

Year ended December 31,	Patents		Intellectual Property		Capitalized Acquisition Costs		Total
2024	$	3,333	$	198,693	$	2,228	$	204,314
2025		3,333		198,693		2,228		204,314
2026		3,333		198,693		2,228		204,314
2027		3,333		198,693		2,228		204,314
2028		3,333		198,693		2,228		204,314
Thereafter		195,720		175,339		27,441		398,500
	$	212,385	$	1,168,804	$	38,881	$	1,420,070