|
NOTE
5 – INTANGIBLE ASSETS
SCHEDULE OF INTANGIBLE ASSETS
| |
|
March
31, 2024 (unaudited) |
|
| |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Impairment |
|
|
Net carrying value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(42,500 |
) |
|
$ |
- |
|
|
$ |
- |
|
| Technology |
|
|
684,000 |
|
|
|
(666,700 |
) |
|
|
- |
|
|
|
17,300 |
|
| Trade name |
|
|
54,900 |
|
|
|
(54,900 |
) |
|
|
- |
|
|
|
- |
|
| |
|
$ |
781,400 |
|
|
$ |
(764,100 |
) |
|
$ |
- |
|
|
$ |
17,300 |
|
| |
|
December 31, 2023* |
|
| |
|
Gross carrying amount |
|
|
Accumulated amortization |
|
|
Impairment |
|
|
Net carrying value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Customer list |
|
$ |
42,500 |
|
|
$ |
(42,500 |
) |
|
$ |
- |
|
|
$ |
- |
|
| Technology |
|
|
684,000 |
|
|
|
(666,100 |
) |
|
|
- |
|
|
|
17,900 |
|
| Trade name |
|
|
54,900 |
|
|
|
(54,900 |
) |
|
|
- |
|
|
|
- |
|
| |
|
$ |
781,400 |
|
|
$ |
(763,500 |
) |
|
$ |
- |
|
|
$ |
17,900 |
|
The
estimated useful lives of the intangible assets range from seven to twenty years. Amortization expense was $700 and $700 for the three
months ended March 31, 2024, and 2023, respectively.
|