| Schedule of Intangible Assets |
As of March 31, 2025 and December 31, 2024 we had the following amounts related to intangible assets and liabilities other than goodwill:
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March 31, 2025 |
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December 31, 2024 |
| Intangible assets |
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Cost |
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Accumulated Amortization |
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Total |
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Cost |
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Accumulated Amortization |
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Total |
| Product certifications |
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$ |
777,465 |
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$ |
(716,366) |
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$ |
61,099 |
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$ |
777,465 |
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$ |
(709,855) |
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$ |
67,610 |
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| Patents |
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888,910 |
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(608,267) |
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280,643 |
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888,910 |
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(584,493) |
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304,417 |
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| Developed technology |
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240,000 |
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(192,000) |
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48,000 |
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240,000 |
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(188,000) |
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52,000 |
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| Trademarks |
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26,896 |
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— |
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26,896 |
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26,896 |
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— |
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26,896 |
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| In Process R&D |
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263,936 |
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(150,821) |
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113,115 |
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263,936 |
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(141,394) |
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122,542 |
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| Favorable contract asset |
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384,465 |
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(380,764) |
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3,701 |
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384,465 |
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(379,839) |
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4,626 |
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| Customer contracts |
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2,225,123 |
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(337,222) |
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1,887,901 |
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2,225,123 |
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(290,025) |
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1,935,098 |
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$ |
4,806,795 |
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$ |
(2,385,440) |
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$ |
2,421,355 |
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$ |
4,806,795 |
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$ |
(2,293,606) |
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$ |
2,513,189 |
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| Intangible liability |
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| Unfavorable contract liability |
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$ |
2,618,168 |
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$ |
(2,229,402) |
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$ |
388,766 |
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$ |
2,618,168 |
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$ |
(2,195,329) |
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$ |
422,839 |
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| Schedule of Future Amortization Expense |
Aggregate future amortization over the next five years is estimated to be as follows:
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Non-contract Related Intangibles |
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Contract Related Intangibles |
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Total |
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Year 1
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$ |
168,383 |
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$ |
94,421 |
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$ |
262,804 |
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| Year 2 |
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168,031 |
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126,791 |
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294,822 |
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| Year 3 |
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131,636 |
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133,764 |
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265,400 |
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| Year 4 |
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18,768 |
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137,208 |
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155,976 |
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| Year 5 |
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5,650 |
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137,208 |
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142,858 |
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| Thereafter |
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10,389 |
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873,444 |
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883,833 |
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| Total |
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$ |
502,857 |
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1,502,836 |
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$ |
2,005,693 |
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