Concord Corporation had intangible assets including a patent acquired in 2022 with a 10 year useful life and a copyright from 2016 with a 10 year useful life. During 2023, the company defended its patent successfully incurring $36,000 in legal costs, spent $257,500 on R&D developing a new patent with a useful life equal to its legal life of costs of $40,000, paid $54,500 to a quarterback for commercials airing in September and October, and acquired a new copyright for $237,000 with a 50 year useful life and legal life.