| Schedule of Intangible Assets |
| | |
| | |
As of June 30, 2025 | |
| | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Value | |
| Intellectual property | |
$ | 462,047 | | |
$ | (213,799 | ) | |
$ | 248,248 | |
| Domain name | |
| 500,448 | | |
| (136,772 | ) | |
| 363,676 | |
| Brand | |
| 1,284,000 | | |
| (472,969 | ) | |
| 811,031 | |
| Software and technology | |
| 30,325,084 | | |
| (11,093,639 | ) | |
| 19,231,445 | |
| Internal software development | |
| 8,093,353 | | |
| (2,325,851 | ) | |
| 5,767,502 | |
| Assembled workforce | |
| 726,222 | | |
| (635,445 | ) | |
| 90,777 | |
| | |
$ | 41,391,154 | | |
$ | (14,878,475 | ) | |
$ | 26,512,679 | |
| | |
| | |
As of December 31, 2024 | |
| | |
Gross
Carrying Amount | | |
Accumulated Amortization | | |
Net
Carrying
Value | |
| Intellectual property | |
$ | 461,663 | | |
$ | (179,563 | ) | |
$ | 282,100 | |
| Domain name | |
| 500,448 | | |
| (120,089 | ) | |
| 380,359 | |
| Brand | |
| 1,284,000 | | |
| (408,769 | ) | |
| 875,231 | |
| Software and technology | |
| 30,314,958 | | |
| (8,063,413 | ) | |
| 22,251,545 | |
| Internal software development | |
| 6,586,351 | | |
| (1,341,784 | ) | |
| 5,244,567 | |
| Assembled workforce | |
| 726,222 | | |
| (453,889 | ) | |
| 272,333 | |
| | |
$ | 39,873,642 | | |
$ | (10,567,507 | ) | |
$ | 29,306,135 | |
|
| Schedule of Future Amortization Expense |
For intangible assets held as of June
30, 2025, future amortization expense is as follows:
| Remainder of 2025 | |
$ | 4,292,505 | |
| 2026 | |
| 8,149,131 | |
| 2027 | |
| 7,457,204 | |
| 2028 | |
| 5,627,224 | |
| 2029 | |
| 516,005 | |
| Thereafter | |
| 470,610 | |
| | |
$ | 26,512,679 | |
|