| INTANGIBLE ASSETS, NET |
NOTE 7 — INTANGIBLE ASSETS, NET The following table summarizes the details of the Company’s intangible assets, net: | | | | | | | | | | | | | | | | December 31, | | December 31, | | | 2025 | | 2024 | Consumer | | | | | | | Technology | | $ | 409,896 | | $ | 409,896 | Customer lists | | | 13,000 | | | 13,000 | Trademarks/tradenames | | | 3,924 | | | — | Assets under development (1) | | | — | | | 3,381 | | | | 426,820 | | | 426,277 | Less: accumulated amortization | | | (389,025) | | | (379,980) | | | | | | | | Sub-total | | | 37,795 | | | 46,297 | | | | | | | | Commercial | | | | | | | Trademarks/tradenames | | | 2,869,000 | | | 2,869,000 | Customer contracts | | | 1,873,000 | | | 1,873,000 | Customer relationships | | | 1,809,000 | | | 1,809,000 | | | | 6,551,000 | | | 6,551,000 | Less: accumulated amortization | | | (3,507,313) | | | (2,877,855) | | | | | | | | Sub-total | | | 3,043,687 | | | 3,673,145 | | | | | | | | Corporate | | | | | | | Technology | | | 512,636 | | | 462,548 | | | | 512,636 | | | 462,548 | Less: accumulated amortization | | | (186,951) | | | (84,212) | | | | | | | | Sub-total | | | 325,685 | | | 378,336 | | | | | | | | | | $ | 3,407,167 | | $ | 4,097,778 |
| (1) | As of December 31, 2025 and December 31, 2024, these assets have not yet been placed into service and are not yet amortizable. |
The following table depicts the Company’s estimated future amortization expense related to intangible assets as of December 31, 2025: | | | | | | | | | | | | | | | Consumer | | Commercial | | Corporate | | Total | | | | | | | | | | | | | | 2026 | | $ | 9,320 | | $ | 629,448 | | $ | 108,562 | | $ | 747,330 | 2027 | | | 9,320 | | | 629,448 | | | 108,562 | | | 747,330 | 2028 | | | 8,452 | | | 629,448 | | | 108,561 | | | 746,461 | 2029 | | | 3,665 | | | 539,919 | | | — | | | 543,584 | 2030 | | | 1,692 | | | 254,628 | | | — | | | 256,320 | Thereafter | | | 5,346 | | | 360,796 | | | — | | | 366,142 | | | | | | | | | | | | | | | | $ | 37,795 | | $ | 3,043,687 | | $ | 325,685 | | $ | 3,407,167 |
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