v3.25.4
Intellectual Property
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Intellectual Property    
Intellectual Property

Note 6 - Intellectual Property

License and patent costs capitalized as of September 30, 2025 and December 31, 2024 are as follows:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

September 30,

  ​ ​ ​

December 31,

​

​

2025

​

2024

Licenses and patents

​

$

3,068,995

​

$

3,068,995

Less: Accumulated amortization

​

 

(1,722,982)

​

 

(1,569,532)

Intellectual property, net

​

$

1,346,013

​

$

1,499,463

​

Amortization expense for the three months ended September 30, 2025 and 2024 was $51,150 and $51,150, respectively. Amortization expense for the nine months ended September 30, 2025 and 2024 was $153,450 and $153,450, respectively. Estimated annual amortization for each of the next 5 years and thereafter is as follows:

​

​

​

​

​

Annual amortization for the years ended:

  ​ ​ ​

​

  ​

December 31, 2025 (remaining)

​

$

51,250

December 31, 2026

​

 

204,600

December 31, 2027

​

 

204,600

December 31, 2028

​

 

204,600

December 31, 2029

​

 

204,600

Thereafter

​

 

476,363

Total

​

$

1,346,013

​

Note 7 - Intellectual Property

License and patent costs capitalized as of December 31, 2024 and December 31, 2023 are as follows:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

December 31,

  ​ ​ ​

December 31,

​

​

2024

​

2023

Licenses and patents

​

$

3,068,995

​

$

3,068,995

Less: Accumulated amortization

​

 

(1,569,532)

​

 

(1,364,932)

Intellectual property, net

​

$

1,499,463

​

$

1,704,063

​

Amortization expense for the year ended December 31, 2024 and 2023 was $204,600 and $205,534, respectively. Estimated annual amortization for each of the next 5 years and thereafter is as follows:

​

​

​

​

​

Annual amortization for the years ended:

  ​ ​ ​

​

​

December 31, 2025

​

$

204,600

December 31, 2026

​

 

204,600

December 31, 2027

​

 

204,600

December 31, 2028

​

 

204,600

December 31, 2029

​

 

204,600

Thereafter

​

 

476,463

Total

​

$

1,499,463

​