v3.26.1
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

 

Intangible assets, net consisted of the following at June 30, 2026 and December 31, 2025:

 

    June 30, 2026 (unaudited)     December 31, 2025  
    Gross           Net     Gross           Net  
    Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
    Amount     Amortization     Amount     Amount     Amortization     Amount  
Patents   $ 50,000     $ (42,500 )   $ 7,500     $ 50,000     $ (41,250 )   $ 8,750  
Trade names, trademarks product names, URLs     2,664,425       (741,967 )     1,922,458       2,664,425       (551,651 )     2,112,774  
Internally developed software     2,190,006       (1,270,551 )     919,455       2,190,006       (1,114,122 )     1,075,884  
Subscriber/customer relationships     6,549,101       (2,404,458 )     4,144,643       6,549,101       (2,027,673 )     4,521,428  
Order Backlog     438,000       (438,000 )     --       438,000       (438,000 )     --  
Total intangible assets   $ 11,891,532     $ (4,897,476 )   $ 6,994,056     $ 11,891,532     $ (4,172,696 )   $ 7,718,836  

 

Amortization expense for the three and six months ended June 30, 2026 was $362,391 and $724,780, respectively, as compared to $552,111 and $1,130,176 for the three and six months ended June 30, 2025. The aggregate amortization expense for each of the next five years and thereafter is estimated to be $724,780 in 2026, $1,449,562 in 2027 and 2028, $1,235,295 in 2029, $1,067,429 in 2030 and $1,067,428 thereafter.