v3.26.1
INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS, NET

12. INTANGIBLE ASSETS, NET

 

Intangible assets consist of the following at March 31, 2026 and December 31, 2025:

 

   Useful Lives 

March 31, 2026

  

December 31, 2025

 
            
Customer relationships  7 years  $                     -   $7,100,000 
Developed technology  10 years   -    9,700,000 
Trademarks and tradenames  7 years   -    2,200,000 
Total intangible assets, gross      -    19,000,000 
Less: accumulated amortization and impairments      -    (19,000,000)
Total intangible assets, net     $-   $- 

 

Amortization expense was $0 and $574,642 for the three months ended March 31, 2026 and 2025, respectively. As of December 31, 2025, the Company determined that the remaining carrying value of its intangible assets was not recoverable due to a decision to limit funding of the Forever 8 business and the conclusion that the full carrying amount of the assets was unrecoverable.