| SCHEDULE OF INTANGIBLE ASSETS ESTIMATED USEFUL LIVES |
As of June 30, 2026 and December 31, 2025, intangible assets, net consist of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
Patent use right |
|
$ |
16,011,923 |
|
|
$ |
16,598,040 |
|
Trademarks |
|
|
1,306,657 |
|
|
|
1,315,508 |
|
Customer relationships |
|
|
1,897,917 |
|
|
|
1,928,056 |
|
Service agreement |
|
|
20,062,875 |
|
|
|
20,797,278 |
|
Developed technology |
|
|
23,740,772 |
|
|
|
24,143,765 |
|
Others |
|
|
113,699 |
|
|
|
114,514 |
|
Subtotal |
|
|
63,133,843 |
|
|
|
64,897,161 |
|
Less: accumulated amortization |
|
|
(3,436,714 |
) |
|
|
(2,630,988 |
) |
Less: accumulated impairment |
|
|
(14,010,432 |
) |
|
|
(14,523,285 |
) |
Intangible assets, net |
|
$ |
45,686,697 |
|
|
$ |
47,742,888 |
|
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
Estimated future amortization expense related to intangible assets as of June 30, 2026 is as follows:
|
|
|
|
|
Years ending December 31, |
|
Amortization
Expense |
|
Remainder of 2026 |
|
$ |
1,304,362 |
|
2027 |
|
|
2,608,725 |
|
2028 |
|
|
2,528,605 |
|
2029 |
|
|
2,507,656 |
|
2030 |
|
|
2,506,671 |
|
Thereafter |
|
|
34,230,678 |
|
Total |
|
$ |
45,686,697 |
|
|