v3.25.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

4. INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   Life  

Average

Remining Life

  

December 31,

2024

  

April 20,

2024

 
                 
Brand & non-compete   10 years    9.5 years   $531,051   $531,051 
Less – accumulated amortization             (39,828)   - 
                     
Total intangible assets, net            $491,223   $531,051 

 

Estimated future amortization of intangible assets is as follows:

 

Years ending December 31,  Amount 
     
2025  $53,105 
2026   53,105 
2027   53,105 
2028   53,105 
2029   53,105 
Thereafter   225,698 
      
Total  $491,223 

 

Amortization expense on intangible assets amounted to $39,828 and $0 for the year ended December 31, 2024 and 2023.

 

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS