| SCHEDULE OF INTANGIBLE ASSETS |
Intangible
assets consisted of the following:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
Useful life | | |
Carrying
Value | | |
Accumulated
Amortization | | |
Net carrying value | | |
Carrying
Value | | |
Accumulated
Amortization | | |
Net carrying value | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Customer relationships | |
7 | | |
$ | 4,500,000 | | |
$ | (1,607,143 | ) | |
$ | 2,892,857 | | |
$ | 4,500,000 | | |
$ | (1,071,428 | ) | |
$ | 3,428,572 | |
| E-commerce technology platforms | |
1 - 4 | | |
| 3,097,040 | | |
| (1,482,974 | ) | |
| 1,614,066 | | |
| 2,204,660 | | |
| (243,744 | ) | |
| 1,960,916 | |
| Patents and other | |
15 | | |
| 931,831 | | |
| (386,805 | ) | |
| 545,026 | | |
| 931,831 | | |
| (326,946 | ) | |
| 604,885 | |
| | |
| | |
$ | 8,528,871 | | |
$ | (3,476,922 | ) | |
$ | 5,051,949 | | |
$ | 7,636,491 | | |
$ | (1,642,118 | ) | |
$ | 5,994,373 | |
|
| SCHEDULE OF INTANGIBLE ASSETS AMORTIZATION EXPENSE FOR FUTURE |
The
following table sets forth the estimated amortization expenses for the next five years:
SCHEDULE
OF INTANGIBLE ASSETS AMORTIZATION EXPENSE FOR FUTURE
| | |
| | |
| Twelve months ended December 31: | |
| |
| 2026 | |
| 1,381,516 | |
| 2027 | |
| 1,372,060 | |
| 2028 | |
| 864,363 | |
| 2029 | |
| 701,983 | |
| 2030 | |
| 271,305 | |
| Total amortization expenses | |
| 271,305 | |
|