Internally Developed Software, Net |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Internally Developed Software, Net [Abstract] | |
| INTERNALLY DEVELOPED SOFTWARE, NET | 4. INTERNALLY DEVELOPED SOFTWARE, NET
During the year ended December 31, 2025, the Company capitalized $1,000,000 of its new platform, which was initially recorded under intangible asset under development, in connection with the digital transformation of the technology platform and web interfaces. Capitalized costs consist of fees paid for the installation of a new platform to modernize the Company’s infrastructure, the first phase of its digital transformation program. As at March 31, 2026, this cost has been reclassified to its internally developed software in connection with the launched and used of the new platform in March 2026.
During the three months ended March 31, 2026, the Company capitalized $700,000 of its internally developed software in connection with the digital transformation of the technology platform and web interfaces. Capitalized costs consist of fees paid for the system integration and marketplace activation of the new platform, the second phase of its digital transformation program.
The Company recognized $133,536 and $367,718 of amortization expense associated with capitalized internally developed software costs during the three months ended March 31, 2026 and 2025, respectively. Accumulated amortization associated with capitalized internally developed software costs as of March 31, 2026, and December 31, 2025, was $10,606,145 and $10,472,608, respectively. |