| Intangible Assets and Goodwill |
Note 5 – Intangible Assets and Goodwill The following is a schedule of intangible assets and goodwill as of December 31, 2025: | | Term | | | Carrying Value | | | Accumulated Amortization and Impairment | | | Net Carrying Value | | | 2025 Amortization | | Customer list, Google | | 20 years | | | $ | 8,820,000 | | | $ | (6,100,500 | ) | | $ | 2,719,500 | | | $ | 441,000 | | Customer relationships | | 20 years | | | | 570,000 | | | | (254,125 | ) | | | 315,875 | | | | 28,500 | | Trade names, web properties | | | - | | | | 390,000 | | | | — | | | | 390,000 | | | | — | | Intangible assets classified as long-term | | | | | | $ | 9,780,000 | | | $ | (6,354,625 | ) | | $ | 3,425,375 | | | $ | 469,500 | | | | | | | | | | | | | | | | | | | | | | | Goodwill, total | | | | | | $ | 9,853,342 | | | $ | — | | | $ | 9,853,342 | | | $ | — | |
The following is a schedule of intangible assets and goodwill as of December 31, 2024: | | Term | | | Carrying Value | | | Accumulated Amortization | | | Net Carrying Value | | | 2024 Amortization | | Customer list, Google | | 20 years | | | $ | 8,820,000 | | | $ | (5,659,500 | ) | | $ | 3,160,500 | | | $ | 441,000 | | Customer list | | 5 years | | | | 1,931,250 | | | | (1,931,250 | ) | | | — | | | | 225,312 | | Brand name | | 5 years | | | | 643,750 | | | | (643,750 | ) | | | — | | | | 75,104 | | Customer relationships | | 20 years | | | | 570,000 | | | | (225,625 | ) | | | 344,375 | | | | 28,500 | | Trade names, web properties (1) | | | - | | | | 390,000 | | | | — | | | | 390,000 | | | | — | | Intangible assets classified as long-term | | | | | | $ | 12,355,000 | | | $ | (8,460,125 | ) | | $ | 3,894,875 | | | $ | 769,916 | | | | | | | | | | | | | | | | | | | | | | | Goodwill, total | | | | | | $ | 9,853,342 | | | $ | — | | | $ | 9,853,342 | | | $ | — | |
___________ | (1) | The trade names related to our web properties have an indefinite life, and as such are not amortized. |
Our amortization expense over the next five years and thereafter is as follows: 2026 | | $ | 469,500 | | 2027 | | | 469,500 | | 2028 | | | 469,500 | | 2029 | | | 469,500 | | 2030 | | | 469,500 | | Thereafter | | | 687,875 | | Total | | $ | 3,035,375 | |
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