Goodwill |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | Note 10 - Goodwill
As of December 31, 2025 and 2024, the goodwill were as follows.
There is impairment loss on goodwill that was recognized for the years ended December 31, 2025 and 2024 for all past merger activities.
On September 28, 2023, the Company acquired 100% of the ownership of Mixnet Technology Limited (Mixnet) and its subsidiary Mesh Technology Taiwan Limited (Mesh) with total consideration of $16,500,000 by issuing 7,000,448 shares of the Company’s common stock valued at approximately $2.36 per share. The fair value of Mixnet and Mesh at acquisition date was $11,926,181. The excess of the purchase price over the tangible assets, identifiable intangible assets and assumed liabilities was $4,573,819, which is recorded as goodwill.
Management has evaluated that the potential benefits of the acquisitions and decided that there was no impairment on goodwill for the year ended December 31, 2025, after performing a goodwill impairment test considering both qualitative factors and quantitative analyses. |
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