Schedule of Intangible Assets |
Definite-lived intangible assets | | As of June 30, 2025 | | | As of December 31, 2024 | | Intangible construction in process | | $ | 12,144,139 | | | $ | 11,354,044 | | Licenses | | | 6,457,672 | | | | 5,689,993 | | Software | | | 18,525,218 | | | | 14,780,382 | | Trademarks and tradenames | | | 12,189,361 | | | | 12,183,561 | | Developed technology | | | 3,100,000 | | | | 3,100,000 | | Customer relationships | | | 17,951,347 | | | | 17,950,000 | | Non-compete agreement | | | 290,686 | | | | 290,000 | | Other intangible assets | | | 3,903,884 | | | | 3,451,010 | | Gross intangible assets | | | 74,562,307 | | | | 68,798,990 | | Less: accumulated impairment and amortization | | | | | | | | | Licenses amortization | | | (1,197,153 | ) | | | (519,702 | ) | Software amortization | | | (7,108,355 | ) | | | (6,718,227 | ) | Trademarks and tradenames amortization | | | (1,455,390 | ) | | | (838,532 | ) | Developed technology | | | (775,005 | ) | | | (465,003 | ) | Customer relationships | | | (4,450,846 | ) | | | (2,656,083 | ) | Non-compete agreement | | | (132,595 | ) | | | (61,186 | ) | Other intangible assets amortization | | | (1,684,828 | ) | | | (1,146,800 | ) | Total accumulated impairment and amortization | | | (16,804,172 | ) | | | (12,405,533 | ) | Net definite-lived intangible assets | | $ | 57,758,135 | | | $ | 56,393,457 | |
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Schedule of expected amortization expenses |
Year Ending December 31, | | Estimated Amortization | | 2025 | | $ | 11,662,252 | | 2026 | | | 11,706,759 | | 2027 | | | 11,304,857 | | 2028 | | | 10,869,506 | | 2029 | | | 7,020,825 | | Thereafter | | | 5,193,936 | | Total future amortization | | $ | 57,758,135 | |
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