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

NOTE 4 - INTANGIBLES

 

Intangible assets subject to amortization consist of the following:

    

   Useful  June 30,   December 31, 
   Life  2026   2025 
Naming rights  6 years  $400,314   $400,314 
Accumulated amortization      (289,116)   (255,756)
Intangible assets, net     $111,198   $144,558 

 

 

NOTE 4 - INTANGIBLES (Continued)

 

The intangible naming rights asset was put into use in 2023. Amortization expense relating to the intangible assets for the three and six months ended June 30, 2026 were $16,680 and $33,360, respectively. Amortization expense relating to the intangible assets for the three and six months ended June 30, 2025 were $16,680 and $33,360, respectively. The estimated amortization expense for the twelve months ended June 30, 2027 and thereafter is as follows:

   

      
2027  $66,719 
2028   44,479 
Total  $111,198