v3.25.2
INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 8 — INTANGIBLE ASSETS, NET

 

As of June 30, 2025 and December 31, 2024, intangible assets, net consist of the following:

 

   June 30,
2025		   December 31,
2024		 
Patent use right  $18,034,891   $16,582,795 
Trademarks   1,324,011    1,237,820 
Customer Relationships   206,344    192,911 
Others   110,832    159,321 
Subtotal   19,676,078    18,172,847 
Less: accumulated amortization   (2,311,006)   (2,072,849)
Less: accumulated impairment   (15,780,529)   (14,509,946)
Intangible assets, net  $1,584,543   $1,590,052 

 

Amortization expense was $41,073 and $260,215 for the three months ended June 30, 2025 and 2024, respectively, and $54,445 and $533,883 for the six months ended June 30, 2025 and 2024, respectively.

 

Estimated future amortization expense related to intangible assets as of June 30, 2025 is as follows:

 

Years ending December 31,  Amortization
Expense		 
Remaining of 2025  $84,961 
2026   169,922 
2027   169,922 
2028   88,495 
2029   67,202 
Thereafter   1,004,041 
Total  $1,584,543 

 

 

SBC MEDICAL GROUP HOLDINGS INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS