| SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL |
The
changes in the carrying amount of the Company’s goodwill were as follows:
SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL
| | |
Total | |
| Balance as of December 31, 2024 | |
$ | 3,601,781 | |
| Acquisitions | |
| - | |
| Balance as of December 31, 2025 | |
| 3,601,781 | |
| Acquisitions | |
| - | |
| Balance as of March 31, 2026 | |
$ | 3,601,781 | |
|
| SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS |
The
carrying values of the Company’s intangible assets were as follows for the periods presented:
SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
Cost | | |
Accumulated
Amortization | | |
Net | | |
Cost | | |
Accumulated Amortization | | |
Net | |
| Amortizable Intangible Assets: | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Patents and Other IP | |
$ | 16,062,801 | | |
$ | (2,893,172 | ) | |
$ | 13,169,629 | | |
$ | 16,297,802 | | |
$ | (2,663,001 | ) | |
$ | 13,634,801 | |
| Customer relationships and other | |
| 7,260,008 | | |
| (3,934,892 | ) | |
| 3,325,116 | | |
| 7,260,008 | | |
| (3,676,205 | ) | |
| 3,583,803 | |
| Licenses | |
| 2,750,000 | | |
| (1,384,472 | ) | |
| 1,365,528 | | |
| 2,750,000 | | |
| (1,327,931 | ) | |
| 1,422,069 | |
| Total | |
$ | 26,072,809 | | |
$ | (8,212,536 | ) | |
$ | 17,860,273 | | |
$ | 26,307,810 | | |
$ | (7,667,137 | ) | |
$ | 18,640,673 | |
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE |
The
estimated remaining amortization expense as of March 31, 2026 for finite-lived intangible assets is as follows:
SCHEDULE
OF FUTURE AMORTIZATION EXPENSE
| | |
| | |
| Remainder of 2026 | |
$ | 1,743,477 | |
| 2027 | |
| 2,320,435 | |
| 2028 | |
| 2,320,435 | |
| 2029 | |
| 1,809,364 | |
| 2030 | |
| 1,298,292 | |
| 2031 | |
| 1,298,292 | |
| Thereafter | |
| 7,069,978 | |
| Total | |
$ | 17,860,273 | |
|