| Intangible Assets |
As
of March 31, 2026 and December 31, 2025, intangible assets were $1,084,859 and $1,122,199, respectively. During the three months ended
March 31, 2026 and year ended December 31, 2025, the Company acquired Bitcoin cryptocurrency at a cost of $0 and $616,481, respectively.
In accordance with ASC 350-60, Intangible Assets — Digital Assets, the Company accounts for Bitcoin at fair value, recognizing
both increases and decreases in value in the statement of operations, and has determined that Bitcoin has an indefinite useful life.
As of December 31, 2025, management determined that a $1,291,781 impairment was deemed necessary for one of its license intangible assets.
As
of March 31, 2026 and December 31, 2025, intangible assets consisted of the following:
Schedule of Intangible Assets
| Cost | |
Tradenames | | |
Licenses | | |
Crypto Currency | | |
Total | |
| Balance as of January 1, 2025 | |
$ | 693,000 | | |
$ | 1,850,000 | | |
$ | 367,153 | | |
$ | 2,910,153 | |
| Additions | |
| - | | |
| 300,000 | | |
| 616,481 | | |
| 916,481 | |
| Change in value | |
| - | | |
| - | | |
| (99,061 | ) | |
| (99,061 | ) |
| Impairment | |
| - | | |
| (1,850,000 | ) | |
| - | | |
| (1,850,000 | ) |
| Disposal | |
| - | | |
| - | | |
| (403,622 | ) | |
| (403,622 | ) |
| Balance as of December 31, 2025 | |
$ | 693,000 | | |
$ | 300,000 | | |
$ | 480,951 | | |
$ | 1,473,951 | |
| Change in value | |
| - | | |
| - | | |
| (25,309 | ) | |
| (25,309 | ) |
| Balance as of March 31, 2026 | |
$ | 693,000 | | |
$ | 300,000 | | |
$ | 455,642 | | |
$ | 1,448,642 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accumulated Depreciation | |
| | | |
| | | |
| | | |
| | |
| Balance as of January 1, 2025 | |
$ | (308,000 | ) | |
$ | (370,000 | ) | |
$ | - | | |
$ | (678,000 | ) |
| Amortization | |
| (43,752 | ) | |
| (188,219 | ) | |
| - | | |
| (231,971 | ) |
| Impairment | |
| - | | |
| 558,219 | | |
| | | |
| 558,219 | |
| Balance as of December 31, 2025 | |
$ | (351,752 | ) | |
$ | - | | |
$ | - | | |
$ | (351,752 | ) |
| Amortization | |
| (12,031 | ) | |
| - | | |
| | | |
| (12,031 | ) |
| Balance as of March 31, 2026 | |
$ | (363,783 | ) | |
$ | - | | |
$ | - | | |
$ | (363,783 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net Book Value | |
| | | |
| | | |
| | | |
| | |
| March 31, 2026 | |
$ | 329,217 | | |
$ | 300,000 | | |
$ | 455,642 | | |
$ | 1,084,859 | |
| | |
| | | |
| | | |
| | | |
| | |
| December 31, 2025 | |
$ | 341,248 | | |
$ | 300,000 | | |
$ | 480,951 | | |
$ | 1,122,199 | |
Future
amortization of intangible assets are as follows:
Schedule of Future Amortization of Intangible Assets
| Year Ending December 31, | |
| |
| 2026 | |
$ | 66,094 | |
| 2027 | |
| 78,125 | |
| 2028 | |
| 78,125 | |
| 2029 | |
| 78,125 | |
| 2030 | |
| 78,125 | |
| Thereafter | |
| 250,623 | |
| | |
| | |
| Total Future Amortization | |
$ | 629,217 | |
|