| SCHEDULE OF INTANGIBLE ASSETS ACTIVITY |
Below
is a summary of intangible asset activity for the years ended December 31, 2025 and 2024:
SCHEDULE
OF INTANGIBLE ASSETS ACTIVITY
| | |
Customer | | |
Capitalized | | |
Other
Intangible | | |
| |
| | |
Relationships | | |
Software | | |
Assets | | |
Total | |
| COST | |
($
in thousands) | |
| Balance, January 1, 2025 | |
$ | 47,597 | | |
$ | 35,108 | | |
$ | 9,653 | | |
$ | 92,358 | |
| Additions | |
| 7,376 | | |
| 3,249 | | |
| 2,112 | | |
| 12,737 | |
| Translation loss | |
| - | | |
| (28 | ) | |
| - | | |
| (28 | ) |
| Balance, December 31, 2025 | |
$ | 54,973 | | |
$ | 38,329 | | |
$ | 11,765 | | |
$ | 105,067 | |
| Useful lives | |
| 3-12
years | | |
| 3
years | | |
| 3
years | | |
| | |
| ACCUMULATED
AMORTIZATION | |
| | | |
| | | |
| | | |
| | |
| Balance, January 1, 2025 | |
$ | 45,947 | | |
$ | 22,766 | | |
$ | 4,947 | | |
$ | 73,660 | |
| Amortization expense | |
| 1,833 | | |
| 10,320 | | |
| 296 | | |
| 12,449 | |
| Translation loss | |
| - | | |
| (10 | ) | |
| - | | |
| (10 | ) |
| Balance, December 31, 2025 | |
| 47,780 | | |
| 33,076 | | |
| 5,243 | | |
| 86,099 | |
| Net book value | |
$ | 7,193 | | |
$ | 5,253 | | |
$ | 6,522 | | |
$ | 18,968 | |
| | |
| | | |
| | | |
| | | |
| | |
| COST | |
| | | |
| | | |
| | | |
| | |
| Balance, January 1, 2024 | |
$ | 47,597 | | |
$ | 29,379 | | |
$ | 9,653 | | |
$ | 86,629 | |
| Additions | |
| - | | |
| 5,709 | | |
| - | | |
| 5,709 | |
| Translation gain | |
| - | | |
| 20 | | |
| - | | |
| 20 | |
| Balance, December 31, 2024 | |
$ | 47,597 | | |
$ | 35,108 | | |
$ | 9,653 | | |
$ | 92,358 | |
| Useful lives | |
| 3-12
years | | |
| 3
years | | |
| 3
years | | |
| | |
| ACCUMULATED
AMORTIZATION | |
| | | |
| | | |
| | | |
| | |
| Balance, January 1, 2024 | |
$ | 44,372 | | |
$ | 12,237 | | |
$ | 4,946 | | |
$ | 61,555 | |
| Amortization expense | |
| 1,575 | | |
| 10,522 | | |
| 1 | | |
| 12,098 | |
| Translation gain | |
| - | | |
| 7 | | |
| - | | |
| 7 | |
| Balance, December 31, 2024 | |
| 45,947 | | |
| 22,766 | | |
| 4,947 | | |
| 73,660 | |
| Net book value | |
$ | 1,650 | | |
$ | 12,342 | | |
$ | 4,706 | | |
$ | 18,698 | |
|
| SCHEDULE OF INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE |
As
of December 31, 2025, future amortization expense scheduled to be expensed is as follows:
SCHEDULE
OF INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE
| Years
ending December 31, | |
($
in thousands) | |
| 2026 | |
$ | 10,040 | |
| 2027 | |
| 5,038 | |
| 2028 | |
| 2,708 | |
| 2029 | |
| 1,032 | |
| 2030 | |
| 150 | |
| Total | |
$ | 18,968 | |
|