v3.26.1
INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

The following table represents the balances of intangible assets as of March 31, 2026 and December 31, 2025:

 

 

 

Estimated life

 

March 31,

2026

 

 

December 31,

2025

 

Website Domains

 

Indefinite

 

$80,000

 

 

$80,000

 

Website Domains

 

4 years

 

 

449,927

 

 

 

449,927

 

Customer relationships

 

4-6 years

 

 

2,005,031

 

 

 

2,005,031

 

Trademarks and Tradenames

 

10 years

 

 

1,033,734

 

 

 

1,033,734

 

Non-compete agreements

 

3 years

 

 

239,814

 

 

 

239,814

 

 

 

 

 

 

3,808,506

 

 

 

3,808,506

 

Accumulated Amortization - Website domains

 

 

 

 

(276,663 )

 

 

(250,321 )

Accumulated Amortization - Customer Relationships

 

 

 

 

(1,634,536 )

 

 

(1,497,569 )

Accumulated Amortization - Trademarks / Tradenames

 

 

 

 

(219,297 )

 

 

(193,833 )

Accumulated Amortization - Non-Compete

 

 

 

 

(197,889 )

 

 

(182,985 )

Net Intangible

 

 

 

$1,480,121

 

 

$1,683,798

 

 

For the three months ended March 31, 2026 and 2025, the Company recognized $203,677 and $301,112, respectively, of amortization expense related to intangible assets.

 

The following is an amortization analysis of the annual amortization of intangible assets on a fiscal year basis as of March 31, 2026:

 

For the year ended December 31, schedule of annual expected amortization expense

 

Amount

 

 

 

 

 

2026 (9 months remaining)

 

$389,478

 

2027

 

 

263,749

 

2028

 

 

205,461

 

2029

 

 

108,934

 

Thereafter

 

 

432,499

 

Total remaining intangibles amortization

 

$1,400,121