| SCHEDULE OF INTANGIBLE ASSETS |
As
of June 30, 2025 and December 31, 2024, intangible assets, net consist of the following:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
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 | |
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
Estimated
future amortization expense related to intangible assets as of June 30, 2025 is as follows:
SCHEDULE
OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS
| 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 | |
|