| Schedule of Intangible Assets |
As of June 30, 2025 and December 31, 2024 we had the following amounts related to intangible assets and liabilities other than goodwill:
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June 30, 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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$ |
(721,888) |
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$ |
55,577 |
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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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(631,592) |
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257,318 |
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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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(196,000) |
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44,000 |
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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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(160,247) |
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103,689 |
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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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(381,690) |
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2,775 |
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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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(384,419) |
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1,840,704 |
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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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$ |
(2,475,836) |
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$ |
2,330,959 |
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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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$ |
(2,259,127) |
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$ |
359,041 |
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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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$ |
168,137 |
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$ |
107,141 |
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$ |
275,278 |
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| Year 2 |
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167,954 |
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127,411 |
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295,365 |
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| Year 3 |
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95,470 |
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136,329 |
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231,799 |
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| Year 4 |
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14,395 |
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137,208 |
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151,603 |
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| Year 5 |
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5,650 |
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137,743 |
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143,393 |
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| Thereafter |
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8,978 |
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838,606 |
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847,584 |
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| Total |
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$ |
460,584 |
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1,484,438 |
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$ |
1,945,022 |
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