v3.26.1
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET

6. INTANGIBLE ASSETS, NET

 

As of June 30, 2026 and December 31, 2025, intangible assets consisted of the following:

 

    As of
June 30,
2026		     As of
December 31,
2025		  
Intangible assets   $ 69,410     $ 56,958  
Less: accumulated amortization     (25,695 )     (20,991 )
Less: accumulated impairment     (1,270 )     (1,233 )
    $ 42,445     $ 34,734  

 

The balance of intangible assets mainly represents software related to CHEERS App, primarily consisting of e-mall, online game, video media library and data warehouse modules, etc., CheerCar App, NFT App, Cheer Chat App, and AI App which were acquired externally tailored to the Company’s requirements and is amortized straight-line over 7 years in accordance with the way the Company estimates to generate economic benefits from such software. For the six months ended June 30, 2026 and 2025, amortization expense amounted to $4,016 and $3,186, respectively. The following is a schedule, by period/fiscal years, of amortization amount of intangible asset as of June 30, 2026:

 

For the six months ending December 31, 2026   $ 4,443  
For the twelve months ending December 31, 2027     8,886  
For the twelve months ending December 31, 2028     8,509  
For the twelve months ending December 31, 2029     7,534  
For the twelve months ending December 31, 2030 and thereafter     13,073  
Total   $ 42,445