Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.22.2.2
Intangible Assets, Net
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

 

The components of the acquired intangible assets were as follows: 

 

    June 30,
2022
    December 31,
2021
  Average Estimated Life
Patent products   $  10,277,000     $  10,277,000   3.3 - 15.4
Licenses and trademarks       865,000         865,000   9
Customer relationships       (29,000 )       (29,000 ) 12.5
Intangible assets   $ 11,113,000     $ 11,113,000    
                   
Less: Accumulated depreciation     (577,097 )     (192,423 )  
Total   $ 10,535,903     $ 10,920,577