INTANGIBLE ASSET, CONTINGENT CONSIDERATION ASSET AND GOODWILL (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| INTANGIBLE ASSET, CONTINGENT CONSIDERATION ASSET AND GOODWILL |
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| Schedule of amortization of intangible assets using straight-line method |
| | | Intangible Assets | | Estimated Useful Lives (month) | Edward-Developed Technology | | 84 | Edward-Customer Relationships | | 144 | Edward-Trade Names | | 84 | TWEW-Customer Relationships | | 120 |
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| Schedule of future amortization expenses for finite-lived intangible assets |
| | | | 2026 (from July 1, 2026 to December 31, 2026) | | | 30,000 | 2027 | | | 60,000 | 2028 | | | 60,000 | 2029 | | | 60,000 | Thereafter | | | 295,000 | Total | | $ | 505,000 |
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| Edward Transit Express Group Inc. |
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| INTANGIBLE ASSET, CONTINGENT CONSIDERATION ASSET AND GOODWILL |
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| Schedule of final valuation of assets acquired and liabilities assumed |
| | | | | | | | | | | | As of June 30, 2024 | | As of March 31, 2024 | | Change | | | Finalized value | | Preliminary value | | Amount | Acquired assets acquired and (liabilities): | | | | | | | | | | Cash | | $ | 79,883 | | $ | 79,883 | | $ | — | Accounts Receivable | | | 47,354 | | | 47,354 | | | — | Other Current Assets | | | 42,685 | | | 42,685 | | | — | Right-of-use Lease Asset | | | 645,625 | | | 645,625 | | | — | Fixed Assets | | | 60,795 | | | 60,795 | | | — | Developed Technology | | | 120,000 | | | 120,000 | | | — | Customer Relationships | | | 360,000 | | | 360,000 | | | — | Trade Names | | | 36,000 | | | 36,000 | | | — | Goodwill | | | 568,532 | | | 437,382 | | | 131,150 | Other Noncurrent Assets | | | 27,000 | | | 27,000 | | | — | Accounts Payable | | | (34,686) | | | (34,686) | | | — | Accrued Expenses Payable | | | (20,933) | | | (20,933) | | | — | Deferred Tax Liability | | | (131,150) | | | — | | | (131,150) | Operating Lease Liability, Current | | | (94,548) | | | (94,548) | | | — | Operating Lease Liability, Long Term | | | (506,557) | | | (506,557) | | | — | Total Purchase Consideration | | $ | 1,200,000 | | $ | 1,200,000 | | $ | — |
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| TWEW |
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| INTANGIBLE ASSET, CONTINGENT CONSIDERATION ASSET AND GOODWILL |
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| Schedule of final valuation of assets acquired and liabilities assumed |
| | | | Acquired assets acquired and (liabilities): | | | | Cash | | $ | 69,980 | Accounts Receivable | | | 43,120 | Other Current Assets | | | 1,210 | Customer Relationships | | | 600,000 | Goodwill | | | 475,861 | Deferred Tax Liability | | | (140,171) | Short term loan payable | | | (50,000) | Total Purchase Consideration | | $ | 1,000,000 |
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| Super International Trading Limited |
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| INTANGIBLE ASSET, CONTINGENT CONSIDERATION ASSET AND GOODWILL |
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| Schedule of final valuation of assets acquired and liabilities assumed |
| | | | Acquired assets acquired and (liabilities): | | | | Cash | | $ | 5,471 | Accounts Receivable | | | 839,039 | Contingent Consideration Asset | | | 2,783,884 | Goodwill | | | 2,189,792 | Accounts Payable | | | (838,187) | Total Purchase Consideration | | $ | 4,980,000 |
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