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Intangible assets
9 Months Ended
Sep. 30, 2022
Intangible assets  
Intangible assets

Note 8 – Intangible Assets

 

The Company has capitalized the costs associated with acquiring the intellectual property of MFB (see Note 3) at a value of $4,195,353 million and $0 as of September 30, 2022, and December 31, 2021, respectively.

 

The amount capitalized consisted of a portion of the fair value of 1,000,000 shares of Convertible Preferred C stock of $4,200,000. During the nine months ended September 30, 2022, no additional costs met the criteria for capitalization as an intangible asset.