v3.26.1
OTHER INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 4. OTHER INTANGIBLE ASSETS

Other intangible assets, net consisted of the following:

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Patents

 

$

13,507,338

 

 

$

13,507,338

 

Customer relationships

 

 

14,040,856

 

 

 

14,040,856

 

Trademarks

 

 

2,880,967

 

 

 

2,880,967

 

Intellectual property

 

 

2,029,071

 

 

 

2,029,071

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Software

 

 

3,827,872

 

 

 

3,101,464

 

Other intangible assets, gross

 

 

36,946,104

 

 

 

36,219,696

 

Less: accumulated amortization

 

 

(27,115,198

)

 

 

(25,993,913

)

Other intangible assets, net

 

$

9,830,906

 

 

$

10,225,783

 

For the three months ended June 30, 2026 and 2025, amortization expense related to other intangible assets was $567,212 and $552,488, respectively. For the six months ended June 30, 2026 and June 30, 2025, amortization expense related to other intangible assets was $1,121,285 and $1,104,975, respectively.