Note
4 – Intangibles
Intangibles
consisted of the following:
Schedule of Intangible Assets
| | |
| | |
| | |
Estimated Useful |
| Type | |
March 31, 2026 | | |
December 31, 2025 | | |
Lives (Years) |
| | |
| | |
| | |
|
| Proprietary Software | |
$ | 4,286,402 | | |
$ | 4,286,402 | | |
7 |
| Tradenames/trademarks | |
| 617,474 | | |
| 617,474 | | |
15 |
| ECS membership agreement | |
| 465,000 | | |
| 465,000 | | |
1 |
| Noncompetition agreement | |
| 201,389 | | |
| 201,389 | | |
2 |
| Customer Relationships | |
| 183,255 | | |
| 183,255 | | |
5 |
| Intangibles - gross | |
| 5,753,520 | | |
| 5,753,520 | | |
|
| Less: accumulated amortization | |
| (5,097,744 | ) | |
| (4,934,367 | ) | |
|
| Intangibles - net | |
$ | 655,776 | | |
$ | 819,153 | | |
|
Amortization
expense for the three months ended March 31, 2026 and 2025 was as follows:
Schedule of Amortization Expense
| For the Three Months Ended March 31, | |
| 2026 | | |
2025 | |
| $ | 163,377 | | |
$ | 163,452 | |
Estimated
amortization expense for each of the succeeding years is as follows:
Schedule of Estimated Amortization Expenses
| For the Years Ended December 31: | |
| |
| 2026 (9 months) | |
| 490,131 | |
| 2027 | |
| 165,645 | |
| Total | |
$ | 655,776 | |
SURGEPAYS,
INC. AND SUBSIDIARIES
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
MARCH
31, 2026 AND 2025
|