Intangible Assets, net

3 Months Ended

Mar. 31, 2025

Intangible Assets, net

Intangible Assets, net

Note 5 – 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 March 31, 2025 and December 31, 2024, finite lived intangible assets consisted of the following:

	March 31,			December 31,
	2025			2024
Patents	$	4,195,353		$	4,195,353
Accumulated amortization		(557,845	)		(495,862	)
Intangible assets, net	$	3,637,508		$	3,699,491

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

December 31,
2025 (remaining nine months)	$	185,948
2026		247,931
2027		247,931
2028		247,931
2029		247,931
Thereafter		2,459,836
	$	3,637,508

As of March 31, 2025, the weighted-average useful life is 14.88 years.

During the three months ended March 31, 2025 and 2024, the amortization expense was $61,983 and $63,175, respectively.