| Schedule of Intangible Assets |
At
June 30, 2026, intangible assets consisted of the following:
Schedule of Intangible Assets
| | |
Estimated | |
| | |
Accumulated | | |
| |
| | |
Useful Life | |
Costs | | |
Amortization | | |
Net | |
| Trade names | |
10 years | |
$ | 297,000 | | |
$ | (151,017 | ) | |
$ | 145,983 | |
| Proprietary technology | |
10 years | |
| 861,000 | | |
| (365,925 | ) | |
| 495,075 | |
| Customer relationships | |
5-15 years | |
| 4,091,000 | | |
| (2,015,258 | ) | |
| 2,075,742 | |
| | |
| |
$ | 5,249,000 | | |
$ | (2,532,200 | ) | |
$ | 2,716,800 | |
At
December 31, 2025, intangible assets consisted of the following:
| | |
Estimated | |
| | |
Accumulated | | |
| |
| | |
Useful Life | |
Costs | | |
Amortization | | |
Net | |
| Trade names | |
10 years | |
$ | 297,000 | | |
$ | (136,166 | ) | |
$ | 160,834 | |
| Proprietary technology | |
10 years | |
| 861,000 | | |
| (322,875 | ) | |
| 538,125 | |
| Customer relationships | |
5-15 years | |
| 4,091,000 | | |
| (1,883,771 | ) | |
| 2,207,229 | |
| | |
| |
$ | 5,249,000 | | |
$ | (2,342,812 | ) | |
$ | 2,906,188 | |
|
| Schedule of Amortization Expense for Intangible Assets |
Schedule of Amortization Expense for Intangible Assets
| For the Twelve Months Ending June 30, | |
Amount | |
| 2027 | |
$ | 326,108 | |
| 2028 | |
| 319,316 | |
| 2029 | |
| 305,733 | |
| 2030 | |
| 301,766 | |
| 2031 | |
| 293,833 | |
| Thereafter | |
| 1,170,044 | |
| Intangible assets | |
$ | 2,716,800 | |
|