| Intangibles |
Note
4 – Intangibles
Intangibles
consisted of the following:
Schedule
of Intangible Assets
| | |
| | |
| | |
Estimated Useful | |
| Type | |
March 31, 2025 | | |
December 31, 2024 | | |
Lives (Years) | |
| | |
| | |
| | |
| |
| Proprietary Software | |
$ | 4,286,402 | | |
$ | 4,286,402 | | |
| 7 | |
| Tradenames/trademarks | |
| 617,474 | | |
| 617,474 | | |
| 15 | |
| ECS membership agreement | |
| 465,000 | | |
| 465,000 | | |
| 1 | |
| Noncompetition agreement | |
| 201,389 | | |
| 201,389 | | |
| 2 | |
| Customer Relationships | |
| 183,255 | | |
| 183,255 | | |
| 5 | |
| Intangibles - gross | |
| 5,753,520 | | |
| 5,753,520 | | |
| | |
| Less: accumulated amortization | |
| (4,444,010 | ) | |
| (4,280,558 | ) | |
| | |
| Intangibles - net | |
$ | 1,309,510 | | |
$ | 1,472,962 | | |
| | |
SURGEPAYS,
INC. AND SUBSIDIARIES
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
MARCH
31, 2025
Amortization
expense for the three months ended March 31, 2025 and 2024 was as follows:
Schedule
of Amortization Expense
| March 31, 2025 | | |
March 31, 2024 | |
| $ | 163,452 | | |
$ | 163,377 | |
Estimated
amortization expense for each of the succeeding years is as follows:
Schedule
of Estimated Amortization Expenses
| For the Years Ended December 31: | |
| |
| 2025 (9 months) | |
| 490,131 | |
| 2026 | |
| 653,508 | |
| 2027 | |
| 165,871 | |
| Total | |
$ | 1,309,510 | |
|