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Intangible Assets (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Intangible Assets    
Schedule of Finite Lived Intangible Assets

 

 

 June 30,

 

 

 December 31

 

 

 

2024

 

 

2023

 

Patents

 

$4,195,353

 

 

$4,195,353

 

Accumulated amortization

 

 

(372,913)

 

 

(247,247)

Intangible assets, net

 

$3,822,440

 

 

$3,948,106

 

 

 

 December 31

 

 

 December 31

 

 

 

2023

 

 

2022

 

Patents

 

$4,195,353

 

 

$4,195,353

 

Accumulated amortization

 

 

(247,247)

 

 

-

 

Intangible assets, net

 

$3,948,106

 

 

$4,195,353

 

Schedule of Estimated Future Amortization Expense for Finite Lived Intangibles

Year ending December 31,

 

 

 

2024 (excluding the six months ended June 30, 2024)

 

$122,949

 

2025

 

 

247,931

 

2026

 

 

247,931

 

2027

 

 

247,931

 

2028

 

 

247,931

 

Thereafter

 

 

2,707,767

 

 

 

$3,822,440

 

Year ended December 31,

 

 

 

2024

 

$247,931

 

2025

 

 

247,931

 

2026

 

 

247,931

 

2027

 

 

247,931

 

2028

 

 

247,931

 

Thereafter

 

 

2,708,451

 

 

 

$3,948,106

 

Schedule of Amortization Expense

 

 

 Three Months Ended

 

 

 Six Months Ended

 

 

 

 June 30,

 

 

 June 30,

 

 

 

 2024

 

 

 2023

 

 

 2024

 

 

 2023

 

Amortization

 

$62,491

 

 

$61,812

 

 

$125,666

 

 

$123,624