v3.26.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF CHANGES IN GOODWILL

The following table presents the goodwill balance and accumulated impairment losses as of March 31, 2026 and December 31, 2025:

  

Balance at March 31, 2026 and December 31, 2025    
Gross goodwill  $71,525,609 
Accumulated impairment losses   (51,625,059)
Goodwill, net of accumulated impairment losses  $19,900,550 
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net are summarized as follows:

   

   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
   March 31, 2026 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
Tradenames – trademarks  $3,835,981   $(3,559,816)  $276,165 
Customer base   572,048    (407,144)   164,904 
Non-compete agreements   487,400    (487,400)   - 
Intellectual property/technology   2,455,879    (2,202,743)   253,136 
Total intangible assets   $7,351,308   $(6,657,103)  $694,205 

 

   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
   December 31, 2025 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
Tradenames – trademarks  $3,835,981   $(3,472,606)  $363,375 
Customer base   572,048    (390,193)   181,855 
Non-compete agreements   487,400    (487,400)   - 
Intellectual property/technology   2,455,879    (2,120,034)   335,845 
Total intangible assets   $7,351,308   $(6,470,233)  $881,075 
SCHEDULE OF FUTURE AMORTIZATION EXPENSE

Based on the balance of intangible assets at March 31, 2026, expected future amortization expense is as follows:

  

      
2026 (remainder of)  $522,595 
2027   73,210 
2028   49,200 
2029   49,200 
Total  $694,205