v3.25.1
FIXED ASSETS
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
FIXED ASSETS

NOTE 3 – FIXED ASSETS

 

A&I machine learning program

 

Acquisition of the assets e.g. name of the intangible asset   A&I machine learning program
     
what the intangible assets is to be used for   Contains algorithms and code to analyze large portions of data within closed portfolio of items to set their best performing distribution within the portfolio.
     
Duration for the construction / completion of the intangible assets   Development started in 2018 and continues to present time. Company has several consultants and pays data and servers to upgrade and finalize the system.
     
Expectation of revenue generation from the acquisition of the asset   The asset currently generates app USD 1.5 million per year and we expect from 2023 to produce USD 2.5 million as we can offer upgraded version to more clients.
     
Expected useful life of the assets upon completion   Based on the recommendation from the system developers and technological changes the company policy is to amortize AI Learning Program for 3 years. The company will conduct an annual impairment test to reassess that our assumptions on the estimated useful life.
     
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.   Research expenses are currently USD 5,792,230 including initial acquisition of the asset and continues investments into data, consultants, and servers. These expenses don’t include general costs, marketing and other indirect costs occurred during the time.

 

Movie projects

 

Acquisition of the assets e.g. name of the intangible asset   Movie Projects and Entertainment projects
     
what the intangible assets is to be used for   We invest into movie and game development projects and this asset class contains intellectual rights to books, movies, scripts. We further develop the asset via developing complete movie script that is further offered to large distribution studios in entertainment industry that will sell the project so BOXO can produce the asset to full movie. Assets as well can be separately sold if there is buyer with interest.
     
Duration for the construction / completion of the intangible assets   Each movie or game asset needs 15-18 months to reach completion.
     
Expectation of revenue generation from the acquisition of the asset   Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.
     
Expected useful life of the assets upon completion   Movie asset package has expected value for 15 years.
     
Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.