| SCHEDULE OF INTANGIBLE ASSETS |
The
following tables reflect all the intangible assets presented on the condensed consolidated balance sheets as of June 30, 2026 and December
31, 2025:
SCHEDULE
OF INTANGIBLE ASSETS
| | |
June
30, 2026 | | |
|
| | |
Gross | | |
| | |
| | |
| | |
Weighted |
| | |
Carrying | | |
Accumulated | | |
Impairment | | |
Net
Book | | |
Average |
| | |
Amount | | |
Amortization | | |
Loss | | |
Value | | |
Useful
Life |
| Software
and license rights from related parties | |
$ | 141,665,000 | | |
$ | (137,248,333 | ) | |
$ | — | | |
$ | 4,416,667 | | |
3 - 5
years |
| License
rights | |
| 6,164,818 | | |
| (3,381,659 | ) | |
| — | | |
| 2,783,159 | | |
5
years |
| Software | |
| 1,160,478 | | |
| (315,982 | ) | |
| — | | |
| 844,496 | | |
3
- 5 years |
| Trademark | |
| 10,745 | | |
| (10,745 | ) | |
| — | | |
| — | | |
12
years |
| In-progress
patent | |
| 270,886 | | |
| — | | |
| — | | |
| 270,886 | | |
|
| Total: | |
$ | 149,271,927 | | |
$ | (140,956,719 | ) | |
$ | — | | |
$ | 8,315,208 | | |
|
| | |
December
31, 2025 | | |
|
| | |
Gross | | |
| | |
| | |
| | |
Weighted |
| | |
Carrying | | |
Accumulated | | |
Impairment | | |
Net
Book | | |
Average |
| | |
Amount | | |
Amortization | | |
Loss | | |
Value | | |
Useful
Life |
| Software
and license rights from related parties | |
$ | 141,665,000 | | |
$ | (136,748,333 | ) | |
$ | — | | |
$ | 4,916,667 | | |
3 - 5
years |
| License
rights | |
| 6,217,896 | | |
| (3,162,645 | ) | |
| (451,447 | ) | |
| 2,603,804 | | |
5
years |
| Software | |
| 1,376,490 | | |
| (207,240 | ) | |
| (216,013 | ) | |
| 953,237 | | |
3
- 5 years |
| Trademark | |
| 10,745 | | |
| (10,745 | ) | |
| — | | |
| — | | |
12
years |
| In-progress
patent | |
| 270,886 | | |
| — | | |
| — | | |
| 270,886 | | |
|
| Total: | |
$ | 149,541,017 | | |
$ | (140,128,963 | ) | |
$ | (667,460 | ) | |
$ | 8,744,594 | | |
|
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
SCHEDULE
OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS
| Years
ending December 31, | |
Amount | |
| Remainder
of 2026 | |
$ | 854,627 | |
| 2027 | |
| 1,709,254 | |
| 2028 | |
| 1,709,254 | |
| 2029 | |
| 1,702,254 | |
| 2030 | |
| 1,391,461 | |
| Thereafter | |
| 948,358 | |
| Total | |
$ | 8,315,208 | |
|