| INTANGIBLE ASSETS, NET |
9. INTANGIBLE ASSETS, NET
Intangible assets, net consist of the following:
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Trading rights of license plates | |
$ | 127,605 | | |
$ | 128,503 | |
| System and software | |
| 627,584 | | |
| 627,987 | |
| Subtotal | |
| 755,189 | | |
| 756,490 | |
| Less: accumulated amortization | |
| (326,781 | ) | |
| (281,024 | ) |
| Total intangible assets, net | |
$ | 428,408 | | |
$ | 475,466 | |
Amortization expense included in general and administration
expenses for the three months ended March 31, 2026 and 2025 was $46,258 and $14,259, respectively.
The estimated future amortization is as follows:
| As of March 31, 2026 | |
Estimated
amortization
expense | |
| From April 1, 2026 to March 31, 2027 | |
$ | 82,556 | |
| From April 1, 2027 to March 31, 2028 | |
| 82,556 | |
| From April 1, 2028 to March 31, 2029 | |
| 82,556 | |
| From April 1, 2029 to March 31, 2030 | |
| 76,176 | |
| From April 1, 2030 to March 31, 2031 | |
| 57,035 | |
| Thereafter | |
| 47,529 | |
| Total | |
$ | 428,408 | |
|