NOTE
6 – INTANGIBLE ASSETS
As
of March 31, 2026 and December 31, 2025, the Company has the following amounts related to amortizable intangible assets:
SCHEDULE OF INTANGIBLE ASSETS
| | |
March 31, | | |
December 31, | | |
Amortizable | |
| | |
2026 | | |
2025 | | |
Life | |
| Amortizable intangible assets | |
| | | |
| | | |
| | |
| Cleared trade name | |
$ | 133,339 | | |
$ | 133,339 | | |
| 5 years | |
| Cleared developed technology | |
| 12,920 | | |
| 12,920 | | |
| 1 year | |
| Purchased licenses | |
| 200,000 | | |
| 200,000 | | |
| 10 years | |
| OHHMD brand | |
| 303,000 | | |
| 303,000 | | |
| 3 years | |
| Gross amount | |
$ | 649,259 | | |
$ | 649,259 | | |
| | |
| Less: accumulated amortization | |
| | | |
| | | |
| | |
| Cleared trade name | |
$ | (113,338 | ) | |
$ | (106,671 | ) | |
| | |
| Cleared developed technology | |
| (12,920 | ) | |
| (12,920 | ) | |
| | |
| Purchased licenses | |
| (200,000 | ) | |
| (200,000 | ) | |
| | |
| OHHMD brand | |
| (92,584 | ) | |
| (67,334 | ) | |
| | |
| Accumulated amortization | |
$ | (418,842 | ) | |
$ | (386,925 | ) | |
| | |
| Total net amortizable intangible assets | |
$ | 230,417 | | |
$ | 262,334 | | |
| | |
The
aggregate amortization expense of the Company’s intangible assets for the three months ended March 31, 2026 and 2025 was $32 thousand
and approximately $7 thousand, respectively.
|