| Intangible Asset, Net |
NOTE 9 - Intangible Asset, Net
As of March 31, 2026 and December 31, 2025, the
cost and accumulated amortization for intangible asset were as follows:
| | |
Satellite
System
Software | | |
Accumulated
Amortization | | |
Net | |
| January 1, 2025 | |
$ | 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 | |
| Addition | |
| - | | |
| (307,253 | ) | |
| (307,253 | ) |
| Exchange rate adjustment | |
| (7,676 | ) | |
| 2,294 | | |
| (5,382 | ) |
| March 31, 2026 (Unaudited) | |
$ | 17,406,137 | | |
| (8,093,026 | ) | |
| 9,313,111 | |
Amortization expense was $307,253 and $439,118
for the three months ended March 31, 2026 and 2025.
The following table sets forth the Company’s
amortization expense for the next five years ending:
| | |
Amortization | |
| | |
expenses | |
| Twelve months ending March 31, 2027 | |
$ | 1,245,614 | |
| Twelve months ending March 31, 2028 | |
| 1,245,614 | |
| Twelve months ending March 31, 2029 | |
| 1,245,614 | |
| Twelve months ending March 31, 2030 | |
| 1,245,614 | |
| Twelve months ending March 31, 2031 | |
| 1,245,614 | |
| Thereafter | |
| 3,085,041 | |
| Total | |
$ | 9,313,111 | |
|