Internally Developed Software, Net |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Internally Developed Software, Net [Abstract] | |
| INTERNALLY DEVELOPED SOFTWARE, NET | 5. INTERNALLY DEVELOPED SOFTWARE, NET
During the year ended December 31, 2024, the Company capitalized $653,288 of internally developed software costs in connection with the development and continued enhancement of the technology platform and web interfaces. Capitalized costs primarily consist of payroll and payroll-related costs for the Company’s employees.
During the year ended December 31, 2025, the Company capitalized $1,000,000 of its internally developed software in connection with the digital transformation of the technology platform and web interfaces. Capitalized costs consist of fees paid for the installation of a new platform to modernize the Company’s infrastructure, the first phase of its digital transformation program.
The Company recognized $1,470,873 and $2,036,981 of amortization expense associated with capitalized internally developed software costs during the years ended December 31, 2025 and 2024, respectively. Accumulated amortization associated with capitalized internally developed software costs as of December 31, 2025 and 2024 was $10,472,608 and $9,001,736, respectively.
During the year ended December 31, 2025, the Company capitalized $1,000,000 in connection to internal software under development. |