v3.26.1
Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill as of December 31, 2025 and 2024 was $10.9 million, which resulted from the Credova Merger and is included in the Financial Technology segment. See Note 5 — Acquisitions, for further information.
The following table summarizes the intangible assets, net as of December 31, 2025 and 2024:
 Estimated useful
life		December 31,
 20252024
Capitalized software development costs
1-5 years
$8,702,390 $8,620,519 
Trademark and tradenames5 years1,700,000 1,700,000 
Internally developed software3 years3,600,000 3,600,000 
Merchant relationships5 years5,900,000 5,900,000 
State operating licensesIndefinite975,000 520,000 
Purchased technology
1-15 years
212,177 212,177 
Total intangible assets 21,089,567 20,552,696 
Less: Accumulated amortization (6,516,244)(5,916,746)
Total intangible assets, net $14,573,323 $14,635,950 
Amortization expense was $4.2 million and $2.2 million for the years ended December 31, 2025 and 2024, respectively.
As of December 31, 2025, estimated future amortization expense is expected as follows:
2026$5,660,655 
20274,581,898 
20282,918,829 
2029329,234 
203012,567 
Thereafter95,140 
 $13,598,323