| SCHEDULE OF INTANGIBLE ASSETS |
The
following tables reflect all the intangible assets presented on the condensed consolidated balance sheets as of March 31, 2026 and December
31, 2025:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
March 31, 2026 | | |
|
| | |
Gross | | |
| | |
| | |
| | |
Weighted |
| | |
Carrying | | |
Accumulated | | |
Impairment | | |
Net Book | | |
Average |
| | |
Amount | | |
Amortization | | |
Loss | | |
Value | | |
Useful Life |
| Software and license rights from related parties | |
$ | 141,665,000 | | |
$ | (136,998,333 | ) | |
$ | — | | |
$ | 4,666,667 | | |
3 - 5 years |
| License rights | |
| 5,937,087 | | |
| (3,258,716 | ) | |
| — | | |
| 2,678,371 | | |
5 years |
| Software | |
| 1,160,478 | | |
| (261,611 | ) | |
| — | | |
| 898,867 | | |
3 - 5 years |
| Trademark | |
| 10,745 | | |
| (10,745 | ) | |
| — | | |
| — | | |
12 years |
| In-progress patent | |
| 270,886 | | |
| — | | |
| — | | |
| 270,886 | | |
|
| Total: | |
$ | 149,044,196 | | |
$ | (140,529,405 | ) | |
$ | — | | |
$ | 8,514,791 | | |
|
| | |
December 31, 2025 | | |
|
| | |
Gross | | |
| | |
| | |
| | |
Weighted |
| | |
Carrying | | |
Accumulated | | |
Impairment | | |
Net Book | | |
Average |
| | |
Amount | | |
Amortization | | |
Loss | | |
Value | | |
Useful Life |
| Software and license rights from related parties | |
$ | 141,665,000 | | |
$ | (136,748,333 | ) | |
$ | — | | |
$ | 4,916,667 | | |
3 - 5 years |
| License rights | |
| 6,217,896 | | |
| (3,162,645 | ) | |
| (451,447 | ) | |
| 2,603,804 | | |
5 years |
| Software | |
| 1,376,490 | | |
| (207,240 | ) | |
| (216,013 | ) | |
| 953,237 | | |
3 - 5 years |
| Trademark | |
| 10,745 | | |
| (10,745 | ) | |
| — | | |
| — | | |
12 years |
| In-progress patent | |
| 270,886 | | |
| — | | |
| — | | |
| 270,886 | | |
|
| Total: | |
$ | 149,541,017 | | |
$ | (140,128,963 | ) | |
$ | (667,460 | ) | |
$ | 8,744,594 | | |
|
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
SCHEDULE
OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS
| Years ending December 31, | |
Amount | |
| Remainder of 2026 | |
$ | 1,201,326 | |
| 2027 | |
| 1,601,769 | |
| 2028 | |
| 1,601,769 | |
| 2029 | |
| 1,594,769 | |
| 2030 | |
| 1,283,975 | |
| Thereafter | |
| 1,231,183 | |
| Total | |
$ | 8,514,791 | |
|