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

4.     INTANGIBLE ASSETS, NET

  

Intangible assets consist of the following:

      
  

June 30,

2026

  December 31,
2025
Patents and trademarks  $45,433   $38,186 
Technology Platform   38,860,252    36,119,080 
Customer lists and contracts   1,177,200    1,177,200 
Licenses   637,576    237,576 
Hosting implementation   43,400    43,400 
Contract assets   340,326    340,326 
Non-compete agreement   503,000    503,000 
Acquired technologies   10,568,000    10,568,000 
    52,175,187    49,026,768 
Less: accumulated amortization   (31,337,162)   (26,680,555)
Intangible assets, net  $20,838,025   $22,346,213 

 

Intangible assets are amortized over their useful lives ranging from periods of 3 to 30 years. Amortization expense for the three months ended June 30, 2026 and 2025 was $2,177,416 and $2,017,425, respectively. Amortization expense for the six months ended June 30, 2026 and 2025 was $4,656,608 and $3,716,581, respectively.