Intangible Assets, net

6 Months Ended

Jun. 30, 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.  MFB California currently holds 31 granted patents and 56 pending patent applications. The granted patents include MFB California’s main chemistry and applications. MFB California has 21 trademarks and various copyrights.  Internally generated patents, trademarks and copyrights, are expensed as incurred.

As of June 30, 2025 and December 31, 2024, finite lived intangible assets consisted of the following:

	June 30,			December 31,
	2025			2024
Acquired patents (19)	$	4,195,353		$	4,195,353
Accumulated amortization		(619,828	)		(495,862	)
Intangible assets, net	$	3,575,525		$	3,699,491

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

2025 remaining	$	123,966
2026		247,931
2027		247,931
2028		247,931
2029		247,931
Thereafter		2,459,835
	$	3,575,525

As of June 30, 2025, the weighted-average useful life is 14.63 years.

During the three and six months ended June 30, 2025 and 2024, amortization expense is as follows:

	Three Months Ended				Six months ended
	June 30,				June 30,
	2025		2024		2025		2024
Amortization	$	61,983	$	62,491	$	123,966	$	125,666