INTANGIBLE ASSETS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS | |||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS | NOTE 8 – INTANGIBLE ASSETS
Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025:
Amortization expense totaled $171,375 and $342,750 for the three and six months ended June 30, 2026, respectively, and zero and zero for the three and six months ended June 30, 2025, respectively.
Effective October 15, 2025 and as further described in Note 3, Acquisitions and Dispositions, the Company acquired a business wherein an intangible asset of $1,371,000 was recorded which was attributed to customer contracts and relationships. This intangible is being amortized on a straight-line basis over the estimated remaining life of those contracts and relationships which is expected to average two years. |
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