v3.26.1
Goodwill
3 Months Ended
Mar. 31, 2026
Goodwill  
Goodwill

Note 7 – Goodwill

Goodwill is as follows:

Balance on December 31, 2024

$

1,684,182

Goodwill associated with Grid AI acquisition

 

22,434,494

Balance at December 31, 2025

$

24,118,676

Goodwill adjustments during the three months ended March 31, 2026

 

Balance at March 31, 2026

$

24,118,676

The goodwill recognized in connection with the Grid AI acquisition is primarily attributable to expected synergies from integrating Grid AI’s operations with the Company’s existing platform, including anticipated growth in AI-driven energy optimization solutions, expansion into new markets, and assembled workforce.

The Company did not record any impairment charges related to goodwill during the three months ended March 31, 2026.