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

11. INTANGIBLE ASSETS

 

The Company acquired certain indefinite intangible assets pursuant to the acquisitions of Artisan Specialty Foods, Inc. (“Artisan”) and Golden Organics, Inc. (“Golden Organics”). These assets include trade names and customer lists.

 

Other Amortizable Intangible Assets

 

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

 

   March 31, 2026
(unaudited)		 
       Accumulated     
   Cost   Amortization   Net 
Total Customer lists  $431,565   $115,085   $316,480 

 

   December 31, 2025 
       Accumulated     
   Gross   Amortization   Net 
Total Customer lists  $431,565   $93,506   $338,059 

 

Total amortization expense for the three months ended March 31, 2026 and 2025 was $21,579 and $21,578, respectively.

Remaining amortization expense for intangible assets as of March 31, 2026 is as follows:

 

For the twelve months ended March 31,    
2027  $86,313 
2028   86,313 
2029   86,313 
2030   57,541 
Total  $316,480 

 

Indefinite-lived Intangible Assets

 

Indefinite-lived intangible assets consist of $217,000 of indefinite intangible assets held by Artisan.