v3.26.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

16. GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

The components of goodwill as of March 31, 2026 are as follows:

 

   As of
March 31,
2026		 
     
Enovum Data Centers Corp.  $19,809,807 
Total goodwill  $19,809,807 

 

Finite-lived intangible assets

 

Finite-lived intangible assets consist of customer relationships. Intangible assets with definite lives are amortized over their estimated useful lives.

 

The following table presents the Company’s finite-lived intangible assets as of March 31, 2026:

 

   As of March 31, 2026 
   Cost   Accumulated
amortization		   Net 
Customer relationships  $13,486,184   $(1,056,491)  $12,429,693 
Total  $13,486,184   $(1,056,491)  $12,429,693 

 

The following table presents the Company’s finite-lived intangible assets as of December 31, 2025:

 

   As of December 31, 2025 
   Cost   Accumulated
amortization		   Net 
Customer relationships  $13,486,184   $(665,610)  $12,820,574 
Total  $13,486,184   $(665,610)  $12,820,574 

 

The following table presents the Company’s estimated future amortization of finite-lived intangible assets as of March 31, 2026:

 

2026  $519,994 
2027   693,325 
2028   693,325 
2029   693,325 
2030   693,325 
Thereafter   9,136,399 
Total  $12,429,693 

 

Amortization expense for finite-lived intangible assets for the three months ended March 31, 2026 and March 31, 2025 was $0.2 million and $0.2 million, respectively. The Company did not identify any impairment of its finite-lived intangible assets during the three months ended March 31, 2026.