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

6. INTANGIBLE ASSETS

 

Intangible assets consisted of the following:

 

   Life 

Average

Remaining Life

 

June 30,

2025

  

December 31,

2024

 
               
Brand & non-compete  10 years  9.5 years  $531,051   $531,051 
Less – accumulated amortization         (53,104)   (39,828)
                 
Total intangible assets, net        $477,947   $491,223 

 

 

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 

6. INTANGIBLE ASSETS (Continued)

 

Estimated future amortization of intangible assets is as follows:

 

Years ending December 31,  Amount 
     
2025 for six months remaining  $26,533 
2026   53,105 
2027   53,105 
2028   53,105 
2029   53,105 
Thereafter   225,698 
      
Total  $464,671 

 

Amortization expense on intangible assets amounted to $26,552 and $0 for the quarter ended June 30, 2025 and 2024, respectively.