Marpai, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

INTANGIBLE ASSETS

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

INTANGIBLE ASSETS.

INTANGIBLE ASSETS

NOTE 8 – INTANGIBLE ASSETS

Intangible assets consist of the following:


	March 31, 2022
	Useful		Gross Carrying		Accumulated		Net Carrying
	Life		Amount		Amortization		Amount
Trademarks		10 Years	$	1,520,000	$	(160,500)	$	1,359,500
Noncompete agreements		5 Years		990,000		(199,000)		791,000
Customer relationships		7 Years		2,920,000		(433,214)		2,486,786
Patents and patent applications		(*)		650,450		—		650,450
			$	6,080,450	$	(792,714)	$	5,287,736

(*)	Patents have yet to be approved by the United States Patent and Trademark Office. Useful life is determined upon placement into service after approval.

Amortization expense was $217,358 for the three months ended March 31, 2022. There was no amortization expense for intangible assets for the three months ended March 31, 2021.