Note G - Intangibles, Net

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE G —INTANGIBLES, NET

	December 31, 2024			December 31, 2023
Patents-foundation intellectual property at cost	$	1,377,863		$	1,377,863
Less: Accumulated Amortization		(1,229,459	)		(1,199,227	)
Total	$	148,404		$	178,636

Patents are amortized utilizing the straight-line method over estimated useful lives ranging from 3 to 20 years. Amortization expense was approximately $30,000 and $49,000 for the years ended December 31, 2024 and 2023, respectively . The annual amortization expense expected to be recorded for existing intangibles assets for the years 2025 through 2027 is approximately $69,000, $62,000 and $17,000, respectively.