v3.25.2
ADVANCES FOR INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
INTANGIBLE ASSETS NET  
ADVANCES FOR INTANGIBLE ASSETS

10. ADVANCES FOR INTANGIBLE ASSETS

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(Unaudited)

 

 

 

Advances for Sports League Management System

 

$10,000,000

 

 

 

-

 

Advances for Digital Lending Platform

 

 

2,463,921

 

 

 

2,377,010

 

 

 

$12,463,921

 

 

$2,377,010

 

 

Advances for Sports League management System represent the purchase consideration for the purchase of the Core Engine from Crickslab in the form of 10,000,000 shares of common stock, valued at $1.00 per share, totaling $10,000,000. The Core Engine was acquired to develop a Sports League Management System for baseball, soft ball and related sports.

 

Advances for Digital Lending Platform represent payments made for development of software related to a digital lending platform.