| SCHEDULE OF INTANGIBLE ASSETS |
Intangible
assets are comprised of the following as of December 31:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
| |
2025 | | |
2024 | |
| | |
Useful Life | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Write-off | | |
Net Carrying Amount | | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| Developed technology assets | |
20 years | |
$ | 22,260,000 | | |
$ | 5,566,000 | | |
| - | | |
$ | 16,694,000 | | |
$ | 22,260,000 | | |
$ | 4,453,000 | | |
$ | 17,807,000 | |
| Acquired intangibles customer lists, licenses, non-compete agreements, branding, product formulas, tenant improvements, in-place, favorable and unfavorable leases | |
1-11 years | |
| 2,811,000 | | |
| 1,911,000 | | |
| 600,000 | | |
| 300,000 | | |
| 2,895,000 | | |
| 1,863,000 | | |
| 1,032,000 | |
| Acquired intangibles patents and patent rights | |
| |
| 500,000 | | |
| 500,000 | | |
| - | | |
| - | | |
| 500,000 | | |
| 500,000 | | |
| - | |
| Patent application costs | |
Varied (1) | |
| 1,052,000 | | |
| 1,012,000 | | |
| - | | |
| 40,000 | | |
| 1,052,000 | | |
| 1,001,000 | | |
| 51,000 | |
| | |
| |
$ | 26,623,000 | | |
$ | 8,989,000 | | |
$ | 600,000 | | |
$ | 17,034,000 | | |
$ | 26,707,000 | | |
$ | 7,817,000 | | |
$ | 18,890,000 | |
| |
(1) |
Patent application costs are amortized over their expected
useful life which is generally the remaining legal life of the patent. As of December 31, 2025, the weighted average remaining useful
life of these assets in service was approximately .7 years |
|
| SCHEDULE OF ESTIMATED FUTURE AMORTIZATION OF INTANGIBLE ASSETS |
Expected
amortization for each of the five succeeding fiscal years is as follows:
SCHEDULE
OF ESTIMATED FUTURE AMORTIZATION OF INTANGIBLE ASSETS
| Year | |
Amount | |
| 2026 | |
$ | 1,138,000 | |
| 2027 | |
$ | 1,137,000 | |
| 2028 | |
$ | 1,130,000 | |
| 2029 | |
$ | 1,130,000 | |
| 2030 | |
$ | 1,130,000 | |
| thereafter | |
$ | 11,369,000 | |
|