v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF CARRYING AMOUNT OF GOODWILL

The following table shows the changes in the carrying amount of goodwill for the period:

 

Goodwill as of December 31, 2024  - 
Acquisition1   70,435 
Impairment   - 
Foreign currency translation adjustment   549 
Goodwill as of December 31, 2025  $70,984 

 

1) Related to the acquisition of the Streamex Exchange. See Note 11 for more details. Goodwill was initially measured in the functional currency of Streamex Exchange and translated into U.S. dollars using the exchange rate in effect on the acquisition date. Subsequent changes in foreign exchange rates are reflected in the cumulative translation adjustment within other comprehensive loss.
SCHEDULE OF INTANGIBLE ASSETS

The following summarizes the Company’s intangible assets as of December 31, 2025 and 2024:

 

   December 31,   December 31, 
   2025   2024 
Trade name1  $5,100   $- 
Developed technology1   40,000    - 
Legal and compliance framework1   2,400    - 
Patents   380    380 
Total   47,880    380 
Foreign currency translation adjustment   371    - 
Accumulated amortization:          
Trade name   (303)   - 
Developed technology   (2,975)   - 
Legal and compliance framework   (204)   - 
Patents   (130)   (111)
Total accumulated amortization   (3,612)   (111)
Intangible assets, net  $44,639   $269 

 

  1) Intangible assets acquired in connection with the Streamex Exchange acquisition were initially measured in Canadian dollars and translated into U.S. dollars using the exchange rate in effect on the acquisition date. Subsequent changes in exchange rates are reflected in the carrying amounts presented above and recorded in other comprehensive loss as part of the cumulative translation adjustment.
SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Expected future amortization expense of intangible assets as of December 31, 2025, is as follows:

 

     
2026  $5,918 
2027   5,918 
2028   5,918 
2029   5,918 
2030   5,918 
Thereafter   15,049 
Total  $44,639