GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

GOODWILL AND INTANGIBLE ASSETS [Abstract]

NOTE 5 – GOODWILL AND INTANGIBLE ASSETS

The following table summarizes changes in our goodwill balance:

Balance at December 31, 2024	$	120,884.2
Goodwill related to acquisitions		-
Balance at June 30, 2025	$	120,884.2

Finite-lived intangible assets, net are summarized as follows:

	June 30, 2025

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Finite-lived intangible asset
Source code and technology	$	24,500.0	$	(4,426.4	)	$	20,073.6
Exclusivity rights		3,100.0		(554.5	)		2,545.5
Intangible assets, net	$	27,600.0	$	(4,980.9	)	$	22,619.1

Amortization expense was $1,379.6 and $0.0 for the three months ended June 30, 2025 and 2024, respectively, and $2,744.0 and $0.0 for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, the weighted-average remaining amortization period for amortizable intangible assets was 4.10 years.

	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Finite-lived intangible asset
Source code and technology	$	24,500.0	$	(1,991.2	)	$	22,508.8
Exclusivity rights		3,100.0		(245.7	)		2,854.3
Intangible assets, net	$	27,600.0	$	(2,236.9	)	$	25,363.1

Based on the balance of finite-lived intangible assets at June 30, 2025, expected future amortization expense is as follows:

Year Ending December 31:
2025	$	2,789.5
2026		5,529.9
2027		5,533.5
2028		5,548.7
2029		3,217.5
	$	22,619.1