v3.25.3
INTANGIBLE ASSETS - SOFTWARE, LICENSES, TRADEMARKS, DEVELOPED TECHNOLOGY, CUSTOMER RELATIONSHIPS, AND NON-COMPETE AGREEMENTS (Tables)
9 Months Ended
Sep. 30, 2025
INTANGIBLE ASSETS - SOFTWARE, LICENSES, TRADEMARKS, DEVELOPED TECHNOLOGY, CUSTOMER RELATIONSHIPS, AND NON-COMPETE AGREEMENTS  
Schedule of intangible assets

Definite-lived intangible assets

 

As of September 30, 2025

 

 

As of December 31, 2024

 

Intangible construction in process

 

$12,585,832

 

 

$11,354,044

 

Licenses

 

 

6,605,987

 

 

 

5,689,993

 

Software

 

 

20,500,889

 

 

 

14,780,382

 

Trademarks and tradenames

 

 

12,207,826

 

 

 

12,183,561

 

Developed technology

 

 

3,100,000

 

 

 

3,100,000

 

Customer relationships

 

 

17,955,724

 

 

 

17,950,000

 

Non-compete agreement

 

 

292,914

 

 

 

290,000

 

Other intangible assets

 

 

3,965,721

 

 

 

3,451,010

 

Gross intangible assets

 

 

77,214,893

 

 

 

68,798,990

 

Less: accumulated impairment and amortization

 

 

 

 

 

 

 

 

Licenses amortization

 

 

(1,526,805)

 

 

(519,702)

Software amortization

 

 

(8,022,813)

 

 

(6,718,227)

Trademarks and tradenames amortization

 

 

(1,766,789)

 

 

(838,532)

Developed technology

 

 

(930,006)

 

 

(465,003)

Customer relationships

 

 

(5,349,645)

 

 

(2,656,083)

Non-compete agreement

 

 

(170,104)

 

 

(61,186)

Other intangible assets amortization

 

 

(1,895,274)

 

 

(1,146,800)

Total accumulated impairment and amortization

 

 

(19,661,436)

 

 

(12,405,533)

Net definite-lived intangible assets

 

$57,553,457

 

 

$56,393,457

 

Schedule of expected amortization expenses

Year Ending December 31,

 

Estimated Amortization

 

2025

 

$3,796,535

 

2026

 

 

13,486,162

 

2027

 

 

11,811,810

 

2028

 

 

11,291,102

 

2029

 

 

7,619,916

 

Thereafter

 

 

9,547,932

 

Total future amortization

 

$57,553,457

 

Schedule of intangible assets resulting from purchase

Description

 

Useful life

 

Amount

 

Trade names and trademarks

 

10 Years

 

$9,700,000

 

Developed technology

 

5 Years

 

 

3,100,000

 

Customer relationships

 

5 Years

 

 

17,400,000

 

Non-compete agreement

 

3 Years

 

 

10,000

 

Total

 

 

 

$30,210,000