v3.26.1
INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

 

Identifiable intangible assets as of June 30, 2026 and December 31, 2025, were as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Vayu intellectual property

 

$1,389,678

 

 

$1,389,678

 

GAC intellectual property

 

 

791,362

 

 

 

791,362

 

 

 

 

 

 

 

 

 

 

Total intellectual property

 

 

2,181,040

 

 

 

2,181,040

 

Less: accumulated amortization

 

 

(389,472)

 

 

(233,683)

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

$1,791,568

 

 

$1,947,357

 

 

Amortization expense related to intangible assets was $77,895 and $77,894 in the three months ended June 30, 2026 and 2025, respectively, and $155,789 and $77,894 in the six months ended June 30, 2026 and 2025, respectively.

 

Future amortization expense of intangible assets is expected to be as follows:

 

2026 (July to December)

 

$155,788

 

2027

 

 

311,577

 

2028

 

 

311,577

 

2029

 

 

311,577

 

Thereafter

 

 

701,049

 

 

 

 

 

 

Total future amortization expense

 

$1,791,568