| SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL |
The
changes in the carrying amount of the Company’s goodwill were as follows:
SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL
| | |
Total | |
| Balance as of December 31, 2023 | |
$ | 3,601,781 | |
| Acquisitions | |
| - | |
| Balance as of December 31, 2024 | |
| 3,601,781 | |
| Acquisitions | |
| - | |
| Balance as of June 30, 2025 | |
$ | 3,601,781 | |
|
| SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS |
The
carrying values of the Company’s intangible assets were as follows for the periods presented:
SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS
| | |
June 30, 2025 | | |
December 31, 2024 | |
| | |
Cost | | |
Accumulated
Amortization | | |
Net | | |
Cost | | |
Accumulated
Amortization | | |
Net | |
| Amortizable Intangible Assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Patents and Other IP | |
$ | 38,056,240 | | |
$ | (6,171,366 | ) | |
$ | 31,884,874 | | |
$ | 38,009,240 | | |
$ | (5,008,856 | ) | |
$ | 33,000,384 | |
| Customer relationships and other | |
| 7,971,752 | | |
| (3,594,886 | ) | |
| 4,376,866 | | |
| 7,948,299 | | |
| (3,007,118 | ) | |
| 4,941,181 | |
| Licenses | |
| 6,784,278 | | |
| (2,053,450 | ) | |
| 4,730,828 | | |
| 4,793,879 | | |
| (1,728,668 | ) | |
| 3,065,211 | |
| Total | |
$ | 52,812,270 | | |
$ | (11,819,702 | ) | |
$ | 40,992,568 | | |
$ | 50,751,418 | | |
$ | (9,744,642 | ) | |
$ | 41,006,776 | |
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE |
SCHEDULE OF FUTURE AMORTIZATION EXPENSE
| | |
| | |
| Remainder of 2025 | |
$ | 2,152,407 | |
| 2026 | |
| 4,298,512 | |
| 2027 | |
| 4,192,483 | |
| 2028 | |
| 4,142,043 | |
| 2029 | |
| 3,630,972 | |
| 2030 | |
| 2,703,045 | |
| Thereafter | |
| 19,873,106 | |
| Total | |
$ | 40,992,568 | |
|