Annual report pursuant to Section 13 and 15(d)

Intangible Assets and In-Process R&D (Tables)

v3.24.1
Intangible Assets and In-Process R&D (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets and in-process R&D
Intangible assets and in-process R&D at December 31, 2023 and 2022 consists of the following:
Estimated Useful
Life (Years)		 2023 2022
Trade Secrets 10 $ 250,000  $ 250,000 
Less: Accumulated Amortization (131,250) (106,250)
Intangible Assets, Net 118,750  143,750 
In-Process R&D 8,695,100  10,599,414 
Total Intangible Assets and In-Process R&D, Net $ 8,813,850  $ 10,743,164 
Schedule of future annual intangible amortization
Expected future amortization expense is as follows for the years ending December 31,:
Intangible Assets
2024 $ 25,000 
2025 25,000 
2026 25,000 
2027 25,000 
2028 18,750 
Total $ 118,750