INTANGIBLE LIABILITIES - NET |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| INTANGIBLE LIABILITIES - NET |
Intangible liabilities – net consisted of the following as of June 30, 2025, and December 31, 2024:
Amortization recorded on the lease intangible liabilities for the three months ended June 30, 2025, and 2024 was $62,938 and $62,938, respectively, and for the six months ended June 30, 2025 and 2024 was $125,875 and $125,875, respectively. The amount of amortization was recorded as an increase to rental revenue in the Company’s consolidated statements of operations. The following table represents the weighted average remaining useful lives of the intangible liabilities as of June 30, 2025, and June 30, 2024:
The following sets forth future annual amortization for intangible liabilities for the next five years ended December 31:
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