INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 5 - INTANGIBLE ASSETS

The Company has the following intangible assets:

Intangible assets consisted of the following:

	Patents			Trademarks			Intellectual Property			Capitalized Acquisition Costs		Total
Cost:
At December 31, 2023	$	220,926		$	36,558		$	3,109,540		$	45,745	$	3,412,769
Additions		15,139			427			-			-		15,566
Effects of currency translation		(1,718	)		(285	)		(24,180	)		-		(26,183	)
At March 31, 2024	$	234,347		$	36,700		$	3,085,360		$	45,745	$	3,402,152
Less accumulated amortization:
At December 31, 2023	$	8,541		$	-		$	1,940,736		$	6,864	$	1,956,141
Amortization expense		1,630			-			49,287			572		51,489
Effects of currency translation		(70	)		-			(15,089	)		-		(15,159	)
At March 31, 2024	$	10,101		$	-		$	1,974,934		$	7,436		1,992,471
Net book value
At March 31, 2024	$	224,246		$	36,700		$	1,110,426		$	38,309	$	1,409,681
At December 31, 2023	$	212,385		$	36,558		$	1,168,804		$	38,881	$	1,456,628

● 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 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.

Amortization expense was $51,489 and $56,521 for the three months ended March 31, 2024 and 2023, respectively.