Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill as of June 30, 2026 and December 31, 2025 was $10.9 million, which resulted from the Credova Merger and is included in the Financial Technology segment.

The following table summarizes intangible assets, net:


	Useful Life	June 30, 2026		December 31, 2025
Capitalized software development costs	1-5 years	$	9,886,961	$	8,702,390
Trademark and tradenames	5 years	1,700,000		1,700,000
Internally developed software	3 years	3,600,000		3,600,000
Merchant relationships	5 years	5,900,000		5,900,000
State operating licenses	Indefinite	975,000		975,000
Purchased technology	1-15 years	212,177		212,177
Total intangible assets		22,274,138		21,089,567
Less: Accumulated amortization		(9,469,555)		(6,516,244)
Total intangible assets, net		$	12,804,583	$	14,573,323

Amortization expenses were approximately $1.5 million and $0.8 million for the three months ended June 30, 2026 and 2025, respectively. For the six months ended June 30, 2026 and 2025, amortization expenses were approximately $3.0 million and $1.6 million, respectively.

As of June 30, 2026, estimated future amortization expense is expected as follows:


Remainder of 2026	$	3,030,020
2027	4,981,278
2028	3,318,158
2029	392,422
2030	12,567
Thereafter	95,138
	$	11,829,583