Intangible Assets, net

12 Months Ended

Dec. 31, 2024

Intangible Assets, net

Intangible Assets, net

Note 6 – Intangible Assets, net

In 2022, the Company acquired the intellectual property of MFB California, 19 patents centered around its MFB Technology for the prevention and spread of wildfires. 

As of December 31, 2024 and 2023, finite lived intangible assets consisted of the following:

	December 31,			December 31
	2024			2023
Patents	$	4,195,353		$	4,195,353
Accumulated amortization		(495,862	)		(247,247	)
Intangible assets, net	$	3,699,491		$	3,948,106

Estimated future amortization expense for finite lived intangibles are as follows:

December 31,
2025	$	247,931
2026		247,931
2027		247,931
2028		247,931
2029		247,931
Thereafter		2,459,836
	$	3,699,491

As of December 31, 2024, the weighted-average useful life is 15.12 years.

During the year ended December 31, 2024 and 2023, the amortization expense was $248,615 and $247,247, respectively. The Company commenced with amortization during 2023, when we started operations using the acquired assets.