v3.26.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets [Abstract]  
Goodwill and intangible assets
10.Goodwill and intangible assets

 

   2023 
   Goodwill   Trademarks
(Note)		   Customer
relationships		   Website
platform		   Computer
software		   Total 
                         
January 1                          
Cost  $9,672,476   $595,256   $5,291,436   $566,591   $387,532   $16,513,291 
Accumulated amortization   
-
    (15,806)   (2,103,114)   (122,842)   (102,514)   (2,344,276)
   $9,672,476   $579,450   $3,188,322   $443,749   $285,018   $14,169,015 
                               
January 1  $9,672,476   $579,450   $3,188,322   $443,749   $285,018   $14,169,015 
Acquisition through business combination  $51,069,453    21,486,396    8,496,699    
-
    977,732    82,030,280 
Additions   
-
    
-
    
-
    
-
    93,347    93,347 
Amortization expenses   
-
    (52,205)   (1,402,133)   (111,530)   (243,906)   (1,809,774)
Disposal   
-
    
-
    
-
    
-
    (7,888)   (7,888)
Impairment   
-
    
-
    
-
    
-
    (298,424)   (298,424)
Exchange difference   
-
    (819)   (14,920)   (1,707)   (11,354)   (28,800)
December 31  $60,741,929   $22,012,822   $10,267,968    330,512   $794,525   $94,147,756 
                               
December 31                                
Cost  $60,741,929   $22,083,887   $13,788,135    566,591   $2,139,623   $99,320,165 
Accumulated amortization   
-
    (71,065)   (3,520,167)   (236,079)   (1,048,531)   (4,875,842)
Accumulated impairment   
-
    
-
    
-
    
-
    (296,567)   (296,567)
   $60,741,929   $22,012,822   $10,267,968   $330,512   $794,525   $94,147,756 
   2024 
   Goodwill   Trademarks
(Note)  		   Customer
relationships		   Website
platform		   Computer
software		   Total 
                         
January 1                          
Cost  $60,741,929   $22,083,887   $13,788,135   $566,591   $2,139,623   $99,320,165 
Accumulated amortization   
-
    (71,065)   (3,520,167)   (236,079)   (1,048,531)   (4,875,842)
Accumulated impairment   
-
    
-
    
-
    
-
    (296,567)   (296,567)
   $60,741,929   $22,012,822   $10,267,968   $330,512   $794,525   $94,147,756 
                               
January 1  $60,741,929   $22,012,822   $10,267,968   $330,512   $794,525   $94,147,756 
Acquisition through business combination   1,943,850    
-
    474,852    
-
    
-
    2,418,702 
Additions   
-
    871    
-
    
-
    274,738    275,609 
Amortization expenses   
-
    (50,876)   (1,693,877)   (108,233)   (248,094)   (2,101,080)
Impairment   (28,165,304)   (450,092)   (358,522)   (52,132)   
-
    (29,026,050)
Exchange difference   (560,422)   (23,481)   (113,205)   (17,738)   (61,457)   (776,303)
December 31  $33,960,053   $21,489,244   $8,577,216   $152,409   $759,712   $64,938,634 
                               
December 31                                
Cost  $62,072,215   $22,046,603   $13,927,330   $530,650   $2,104,882   $100,681,680 
Accumulated amortization   
-
    (116,327)   (4,998,808)   (327,158)   (1,076,756)   (6,519,049)
Accumulated impairment   (28,112,162)   (441,032)   (351,306)   (51,083)   (268,414)   (29,223,997)
   $33,960,053   $21,489,244   $8,577,216   $152,409   $759,712   $64,938,634 

 

   2025 
   Goodwill   Trademarks
(Note)		   Customer
relationships		   Website
platform		   Computer
software		   Copyrights   Total 
                             
January 1                            
Cost  $62,072,215   $22,046,603   $13,927,330   $530,650   $2,104,882   $
-
   $100,681,680 
Accumulated amortization   
-
    (116,327)   (4,998,808)   (327,158)   (1,076,756)   
-
    (6,519,049)
Accumulated impairment   (28,112,162)   (441,032)   (351,306)   (51,083)   (268,414)   
-
    (29,223,997)
   $33,960,053   $21,489,244   $8,577,216   $152,409    $       7 59,712   $
-
   $64,938,634 
                                    
January 1  $33,960,053   $21,489,244   $8,577,216   $152,409   $759,712   $
-
   $64,938,634 
Additions   
-
    
-
    
-
    
-
    145,576    123,004    268,580 
Amortization expenses   
-
    (1,187)   (1,597,179)   (39,942)   (339,724)   (115,991)   (2,094,023)
Impairment   (25,544,313)   (10,417,255)   (3,202,303)   
-
    (19,064)   
-
    (39,182,935)
Exchange difference   280,044    178    41,078    6,951    10,900    (62)   339,089 
December 31  $8,695,784   $11,070,980   $3,818,812   $119,418   $557,400   $6,951   $24,269,345 
                                    
December 31                                   
Cost  $62,464,202   $22,070,756   $14,141,770   $553,612   $2,232,388   $14,463   $101,477,191 
Accumulated amortization   
-
    (122,405)   (6,754,148)   (380,901)   (1,388,025)   (7,512)   (8,652,991)
Accumulated impairment   (53,768,418)   (10,877,371)   (3,568,810)   (53,293)   (286,963)   
-
    (68,554,855)
   $8,695,784   $11,070,980   $3,818,812   $119,418   $557,400   $6,951   $24,269,345 

Note: The trademarks acquired through business combination include $21,484,644 of trademarks with indefinite useful lives.

 

a)Acquisition of intangible assets through business combination please refer to Note 32 for details.

 

b)

The impairment loss recognized for the year ended December 31, 2024 and 2025, was mainly related to goodwill and other related intangible assets, when assessing impairment for goodwill, other related intangible assets from each cash-generating unit is also considered in recognizing impairment, please refer to Note 11 b) for details.