v3.26.1
Intangible Asset
3 Months Ended
Mar. 31, 2026
Intangible Asset [Abstract]  
INTANGIBLE ASSET

5. INTANGIBLE ASSET

 

Intangible assets are stated at amortized cost and consist of the following:

 

   December 31, 2025 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
Smart Cloud Platform  $800,000    (47,135)   752,865 
    800,000    (47,135)   752,865 

 

   March 31, 2026 
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount 
Smart Cloud Platform  $800,000    (57,572)   742,428 
    800,000    (57,572)   742,428 

 

Intangible asset, net are stated at cost, net of accumulated amortization. Purchased intangible assets are initially recognized and measured at cost upon acquisition. Separately identifiable intangible assets that have determinable lives continue to be amortized over their estimated useful lives using the straight-line method. The useful life of the Smart Cloud Platform is ten years, equal to the operation and maintenance service life for the third parties.

 

The amortization for the three months ended March 31, 2026 was $10,437. The future amortization expense for capitalized software is estimated as follows:

 

   Amount 
2026  $69,563 
2027   80,000 
2028   80,000 
2029   80,000 
2030   80,000 
Thereafter   352,865 
Total   742,428