v3.26.1
Note 4 - Intangible Assets, Net
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 4 Intangible Assets, Net

 

Current year activity of, intangible assets, net, other than goodwill, consisted of following:

 

Name

 

Estimated Life (Years)

  

Balance as of December 31, 2024

  

Additions

  

Amortization

  

Impairment

  

Balance as of December 31, 2025

 

Intellectual property/technology

  5 - 7  $457,859  $  $(148,495) $(309,364) $ 

Customer base

  3 - 10   858,629      (141,145)  (717,484)   

Tradenames and trademarks

  5 - 10   366,722      (60,282)  (306,440)   

Internal-use software costs

  3   273,094      (216,244)     56,850 

Total intangible assets, net

     $1,956,304  $  $(566,166) $(1,333,288) $56,850 

 

As of December 31, 2025, the gross carrying amount of intangible assets, accumulated amortization, impairments, and net book value, consist of following:

 

Name

 

Weighted Average Estimated Used Life (Years)

  

Gross Carrying Amount

  

Accumulated Amortization

  

Impairment

  

Net Book Value as of December 31, 2025

 

Intellectual property/technology

  2.25  $5,671,026  $(2,303,123) $(3,367,903) $ 

Customer base

  5.17   4,411,499   (2,945,795)  (1,465,704)   

Tradenames and trademarks

  5.17   2,082,338   (652,956)  (1,429,382)   

Internal-use software costs

  0.96   1,172,316   (1,115,466)     56,850 

Total intangible assets, net

  1.44  $13,337,179  $(7,017,340) $(6,262,989) $56,850 

 

As of December 31, 2024, intangible assets, net, other than goodwill, consist of following:

 

Name

 

Estimated Life (Years)

  

Balance as of December 31, 2023

  

Additions

  

Amortization

  

Impairment

  

Balance as of December 31, 2024

 

Intellectual property/technology

  5 - 7  $606,354  $  $(148,495) $  $457,859 

Customer base

  3 - 10   999,774      (141,145)     858,629 

Tradenames and trademarks

  5 - 10   427,005      (60,283)     366,722 

Internal use software costs

  3   582,148   72,102   (381,156)     273,094 

Total intangible assets, net

     $2,615,281  $72,102  $(731,079) $  $1,956,304 

 

 

 

As of December 31, 2024, the gross carrying intangible assets, accumulated amortization, impairments, and net book value, consist of following:

 

Name

 

Weighted Average Estimated Used Life (Years)

  

Gross Carrying Amount

  

Accumulated Amortization

  

Impairment

  

Net Book Value as of December 31, 2024

 

Intellectual property/technology

  3.25  $5,671,026  $(2,154,628) $(3,058,539) $457,859 

Customer base

  6.17   4,411,499   (2,804,650)  (748,220)  858,629 

Tradenames and trademarks

  6.17   2,082,338   (592,674)  (1,122,942)  366,722 

Internal-use software costs

  1.96   1,172,316   (899,222)     273,094 

Total intangible assets, net

  2.3  $13,337,179  $(6,451,174) $(4,929,701) $1,956,304 

 

As of December 31, 2025 and 2024, the weighted average remaining amortization period in years was 0.96 and 2.30 years, respectively. Amortization expense for the years ended  December 31, 2025 and 2024 was $566,166 and $731,079, respectively, which is included in general and administrative expenses on the statement of operations and comprehensive loss (see Note 3). 

 

As of December31, 2025, the Company recognized an impairment charge of $1,333,288 on the finite-lived intangible assets held by our sensor reporting unit due to the carrying value of the intangible asset exceeding the units estimated undiscounted cash flows. As of December 31, 2025, after the impairment, our intangible assets consist of our internal-use software.  

 

For the following years ending, the future amortization expense of our finite-lived intangible assets is as follows:  

 

  

For the Years Ending December 31,

 
  

2026

  

2027

  

2028

  

2029

  

Total

 

Internal-use software costs

  48,520   8,330         56,850 

Total Intangible Assets, Net

 $48,520  $8,330  $  $  $56,850