Note
5 – Intangible Assets
Intangible assets, net, consisted of the following at December 31,
2022 and 2023:
| Schedule of intangible assets | |
| | |
| Balance as of December 31, 2021 | |
$ | – | |
| Finite-Lived intangible assets | |
| 659,571 | |
| Dossier fee additions | |
| 121,807 | |
| Balance at December 31, 2022 | |
| 781,378 | |
| Less accumulated amortization | |
| (4,522 | ) |
| Finite-lived intangible
assets, net at December 31, 2022 | |
$ | 776,856 | |
| | |
| | |
| Balance as of December 31, 2022 | |
$ | 776,856 | |
| Dossier fee additions | |
| 710,372 | |
| Balance at December 31, 2023 | |
| 1,487,228 | |
| Less accumulated amortization | |
| (42,969 | ) |
| Finite-lived intangible
assets, net at December 31, 2023 | |
$ | 1,444,259 | |
As of December 31, 2023, the estimated amortization
expense of the Company’s intangible assets for each of the next five years is as follows:
| Schedule of estimated amortization expense | |
| | |
| 2024 | |
$ | 59,745 | |
| 2025 | |
| 59,745 | |
| 2026 | |
| 58,541 | |
| 2027 | |
| 19,041 | |
| 2028 | |
| 9,985 | |
|