Annual report pursuant to Section 13 and 15(d)

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

v3.23.1
Intangible Assets and In-Process R&D (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 consists of the following:
Estimated Useful
Life (Years)		 2022 2021
Trade Secrets 10 $ 250,000  $ 250,000 
Less: Accumulated Amortization (106,250) (81,250)
Intangible Assets, Net 143,750  168,750 
In-Process R&D 10,599,414  10,599,414 
Total Intangible Assets and In-Process R&D, Net $ 10,743,164  $ 10,768,164 
Schedule of future annual intangible amortization
Expected future amortization expense is as follows for the years ending December 31,:
Intangible Assets
2023 $ 25,000 
2024 25,000 
2025 25,000 
2026 25,000 
2027 25,000 
Thereafter 18,750 
Total $ 143,750