Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.22.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
    December 31, 2021     December 31, 2020        
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  Carrying Amount     Useful
Life
 
                                           
Patents   $ 75,266     $ (13,077 )   $ 62,189     $ 25,598     $ (3,809 )   $ 21,789       10  
Patents in process     89,767      
-
      89,767       133,112      
-
      133,112      
N/A
 
Licenses     241,909       (41,471 )     200,438       241,909       (17,280 )     224,629       10  
Trademarks     3,230,000       (130,242 )     3,099,758      
-
     
-
     
-
      10  
FAA waiver     5,930,000       (239,113 )     5,690,887      
-
     
-
     
-
      10  
Developed technology     16,120,000       (650,000 )     15,470,000      
-
     
-
     
-
      10  
Non-compete agreements     840,000       (338,710 )     501,290      
-
     
-
     
-
      1  
Customer relationships     60,000       (4,839 )     55,161      
-
     
-
     
-
      5  
    $ 26,586,942     $ (1,417,452 )   $ 25,169,489     $ 400,619     $ (21,089 )   $ 379,530          

 

Schedule of estimated amortization expense
Year Ending December 31,   Estimated
Amortization
 
2022   $ 2,072,570  
2023   $ 2,571,280  
2024   $ 2,571,003  
2025   $ 2,571,003  
2026   $ 2,566,164