Intangible Assets

3 Months Ended

Mar. 31, 2024

Intangible Assets

Intangible Assets

Note 5 – Intangible Assets

Intangible assets, net,  are comprised of the following as of March 31, 2024 and December 31, 2023 :

Name	Estimated Life	Balance at December 31, 2023		Additions		Amortization			Balance at March 31, 2024
License agreement	17 Years	$	901,929	$	—	$	(15,732	)	$	886,197
Patents	20 Years		86,100		590		(1,196	)		85,494
Total		$	988,029	$	590	$	(16,928	)	$	971,691

Amortization expense for the three months ended March 31, 2024 and 2023, was $16,928 and $16,910, respectively.

Estimated future amortization expense as of March 31, 2024:

	March 31,
	2024
2024 (remaining)	$	50,784
2025		67,933
2026		67,933
2027		67,933
2028		67,933
Thereafter		649,175
Intangible assets, Net	$	971,691