XML 33 R13.htm IDEA: XBRL DOCUMENT v3.22.4
Intangible Assets, Net
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

6. Intangible Assets, Net

 

The gross carrying amount and accumulated amortization of separately identifiable intangible assets are as follows:

 

   As of December 31, 2022 
   Gross
Carrying
Amount
   Accumulated
Amortization
   Net
Carrying
Amount
 
Patents  $363,821   $(11,856)  $351,965 
Trademark   45,000    (20,000)   25,000 
Rights to intellectual property   100,000    (3,889)   96,111 
Total intangible assets  $508,821   $(35,745)  $473,076 

 

   As of December 31, 2021 
   Gross
Carrying
Amount
   Accumulated
Amortization
   Net
Carrying
Amount
 
Patent  $7,000   $(4,083)  $2,917 
Trademark   45,000    (17,000)   28,000 
Total intangible assets  $52,000   $(21,083)  $30,917 

 

Amortization expense for each of the years ended December 31, 2022 and 2021 was $14,662 and $3,466, respectively.

 

Estimated amortization expense for all intangible assets subject to amortization in future years is expected to be:

 

Years ended December 31,  Amortization 
2023  $32,321 
2024   32,321 
2025   32,321 
2026   32,321 
Thereafter   337,392 
Total  $473,076