Quarterly report pursuant to Section 13 or 15(d)

Other Assets

v3.22.2.2
Other Assets
 9 Months Ended
Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 6. Other Assets

 

Other assets as of September 30, 2022 and December 31, 2021 are summarized as follows:

 

    September 30,     December 31,  
    2022     2021  
Acquisition (see Note 5)   $ -     $ 472,701  
Intangibles     55,426       -  
Deposits on machinery and molds (see Note 15)     111,013       -  
Other     22,262       57,162  
Other assets   $ 188,701     $ 529,863  

 

Intangibles are related to the Asset Acquistion (see Note 5) that occurred in July 2022. Intangibles, as of September 30, 2022, consist of an acquired workforce and permits. Amortization for the three and nine months ended September 30, 2022 was $3,136.

 

 

SHARPS TECHNOLOGY, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021

(Unaudited)