| Intangible Asset, Net |
NOTE
9 - Intangible Asset, Net
As
of December 31, 2025 and 2024, the cost and accumulated amortization for intangible asset were as follows:
| | |
Satellite
System
Software | | |
Accumulated
Amortization | | |
Net | |
| January 1, 2024 | |
$ | 17,406,469 | | |
$ | (4,381,777 | ) | |
$ | 13,024,692 | |
| Addition | |
| 15,134 | | |
| (1,753,435 | ) | |
| (1,738,301 | ) |
| Exchange rate adjustment | |
| (23,458 | ) | |
| 16,960 | | |
| (6,498 | ) |
| December 31, 2024 | |
| 17,398,145 | | |
| (6,118,252 | ) | |
| 11,279,893 | |
| Addition | |
| - | | |
| (1,667,419 | ) | |
| (1,667,419 | ) |
| Exchange rate adjustment | |
| 15,668 | | |
| (2,396 | ) | |
| 13,272 | |
| December 31, 2025 | |
$ | 17,413,813 | | |
$ | (7,788,067 | ) | |
$ | 9,625,746 | |
Amortization
expense was $1,667,419 and $1,753,435 for the years ended December 31, 2025 and 2024.
The
following table sets forth the Company’s amortization expense for the next five years ending:
| | |
Amortization | |
| | |
expenses | |
| Twelve months ending December 31, 2026 | |
$ | 1,246,381 | |
| Twelve months ending December 31, 2027 | |
| 1,246,381 | |
| Twelve months ending December 31, 2028 | |
| 1,246,381 | |
| Twelve months ending December 31, 2029 | |
| 1,246,381 | |
| Twelve months ending December 31, 2030 | |
| 1,246,381 | |
| Thereafter | |
| 3,393,841 | |
| Total | |
$ | 9,625,746 | |
|