Intangible Assets, Net

3 Months Ended

Mar. 31, 2026

6. Intangible Assets, Net

The gross carrying amount and accumulated amortization of separately identifiable intangible assets are as follows:

	As of March 31, 2026
	Gross					Fair				Net
	Carrying		Accumulated			Market Value				Carrying
	Amount		Amortization			Adjustment		Impairment		Amount
Patents	$	526,234	$	(79,393	)	$	‒	$	‒	$	446,841
Trademark		45,000		(29,750	)		‒		‒		15,250
Total intangible assets	$	571,234	$	(109,143	)	$	‒	$	‒	$	462,091

	As of December 31, 2025
	Gross					Fair				Net
	Carrying		Accumulated			Market Value				Carrying
	Amount		Amortization			Adjustment		Impairment		Amount
Patents	$	521,302	$	(71,079	)	$	‒	$	‒	$	450,223
Trademark		45,000		(29,000	)		‒		‒		16,000
Total intangible assets	$	566,302	$	(100,079	)	$	‒	$	‒	$	466,223

Amortization expense for the three months ended March 31, 2026 and 2025 was $9,064 and $7,330, respectively. There was no amortization expense for the developed software for the three months ended March 31, 2026 and 2025.

ASC 360, Property, Plant, and Equipment, defines a multi-step process to test long-lived assets, including intangible assets, for recoverability that if failed would indicate impairment. First, the Company must consider whether indicators of impairment of long-lived assets are present.

Next, the Company must review the long-lived assets to define asset group(s) that would reflect the lowest level of assets to which discrete cash flows are identifiable, and test these asset groups for impairment.

For the three months ended March 31, 2026 and 2025, the Company did not record any impairment charges related to long-lived assets.

It was determined for all remaining long-lived assets that there were no triggering events, and therefore, no impairment charges to long-lived assets were necessary as of March 31, 2026 and December 31, 2025.

Estimated amortization expense for all intangible assets subject to amortization in future years is expected to be:

Years ended December 31,	Amortization
Remainder 2026	$	28,125
2027		37,500
2028		37,500
2029		37,500
2030		37,500
Thereafter		283,966
Total	$	462,091

Cyngn Inc. 10-Q