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

 

At June 30, 2026 and December 31, 2025 the Company’s intangible assets consisted of the following:

 

    2026     2025  
Website costs   $ 22,210     $ 22,210  
Trade name     5,458,400       5,458,400  
License agreement     6,368,100       6,368,100  
Less: accumulated amortization     (1,090,617 )     (588,345 )
    $ 10,758,093     $ 11,260,365  

 

Amortization expense for the three months ended June 30, 2026 and 2025 amounted to $251,286 and $37,506, respectively. Amortization expense for the six months ended June 30, 2026 and 2025 amounted to $502,272 and $62,510, respectively.

 

The following table represents the total estimated amortization of intangible assets for the succeeding years:

 

    Estimated  
    amortization  
For the year ending December 31:   expense  
2026 (remaining)   $ 502,273  
2027     1,004,545  
2028     1,004,545  
2029     999,503  
2030 and thereafter     7,247,227  
    $ 10,758,093