| INTANGIBLE ASSETS |
NOTE
3. INTANGIBLE ASSETS
The
following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization
period as of June 30, 2026:
SCHEDULE OF INTANGIBLE ASSETS AND WEIGHTED-AVERAGE REMAINING AMORTIZATION PERIOD
| | |
| Weighted Average Remaining Amortization Period (Years) | | |
| Gross Carrying Amount | | |
| Accumulated Amortization | | |
| Net Carrying Amount | |
| Trade name and trademarks | |
| 0.1 | | |
$ | 1,479,028 | | |
$ | (1,475,591 | ) | |
$ | 3,437 | |
| Internally developed software | |
| 0.8 | | |
| 1,774,110 | | |
| (1,482,566 | ) | |
| 291,544 | |
| Customer relationships | |
| 4.0 | | |
| 5,384,560 | | |
| (2,822,978 | ) | |
| 2,561,582 | |
| Total | |
| | | |
$ | 8,637,698 | | |
$ | (5,781,135 | ) | |
$ | 2,856,563 | |
The
following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization
period as of December 31, 2025:
| | |
Weighted Average Remaining Amortization period (Years) | | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| Trade name and trademarks | |
| 0.3 | | |
$ | 1,479,027 | | |
$ | (1,427,398 | ) | |
$ | 51,629 | |
| Internally developed software | |
| 1.3 | | |
| 1,760,605 | | |
| (1,305,944 | ) | |
| 454,661 | |
| Customer relationships | |
| 4.2 | | |
| 5,384,560 | | |
| (2,557,337 | ) | |
| 2,827,223 | |
| Non-competition agreements | |
| 0.3 | | |
| 2,661,150 | | |
| (2,606,683 | ) | |
| 54,467 | |
| Total | |
| | | |
$ | 11,285,342 | | |
$ | (7,897,362 | ) | |
$ | 3,387,980 | |
The
following table reflects expected amortization expense as of June 30, 2026, for each of the following five years and thereafter:
SCHEDULE
OF AMORTIZATION EXPENSE OF ACQUIRED INTANGIBLES ASSETS
| Years Ending December 31, | |
| Amortization Expense | |
| 2026 | |
$ | 417,945 | |
| 2027 | |
| 629,952 | |
| 2028 | |
| 548,555 | |
| 2029 | |
| 469,221 | |
| 2030 | |
| 378,897 | |
| Thereafter | |
| 411,993 | |
| Total | |
$ | 2,856,563 | |
|