| SCHEDULE OF INTANGIBLE ASSETS, NET |
Intangible
assets, net consist of the following as of March 31, 2026 and December 31, 2025:
SCHEDULE OF INTANGIBLE ASSETS, NET
| March 31, 2026 | |
Useful Lives (Years) | |
Gross Carrying
Amount | | |
Accumulated Amortization | | |
Net Carrying
Amount | |
| Trade names | |
8-13 years | |
$ | 4,489,000 | | |
$ | (1,984,730 | ) | |
$ | 2,504,270 | |
| Customer relationships | |
4-6 years | |
| 2,669,000 | | |
| (2,000,722 | ) | |
| 668,278 | |
| Non-compete | |
4-5 years | |
| 2,322,000 | | |
| (1,474,086 | ) | |
| 847,914 | |
| Intangible assets, net | |
| |
$ | 9,480,000 | | |
$ | (5,459,538 | ) | |
$ | 4,020,462 | |
| December 31, 2025 | |
Useful Lives (Years) | |
Gross Carrying
Amount | | |
Accumulated Amortization | | |
Net Carrying
Amount | |
| Trade names | |
8-13 years | |
$ | 4,489,000 | | |
$ | (1,889,394 | ) | |
$ | 2,599,606 | |
| Customer relationships | |
4-6 years | |
| 2,669,000 | | |
| (1,926,306 | ) | |
| 742,694 | |
| Non-compete | |
4-5 years | |
| 2,322,000 | | |
| (1,366,685 | ) | |
| 955,315 | |
| Intangible assets, net | |
| |
$ | 9,480,000 | | |
$ | (5,182,385 | ) | |
$ | 4,297,615 | |
|
| SCHEDULE OF FUTURE ANNUAL ESTIMATED AMORTIZATION EXPENSE |
SCHEDULE OF FUTURE ANNUAL ESTIMATED AMORTIZATION EXPENSE
| Years ending December 31, | |
| | |
| 2026 (remaining nine months) | |
$ | 830,923 | |
| 2027 | |
| 969,271 | |
| 2028 | |
| 659,832 | |
| 2029 | |
| 452,396 | |
| 2030 | |
| 268,940 | |
| Thereafter | |
| 839,100 | |
| Total | |
$ | 4,020,462 | |
|