v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF CARRYING AMOUNT OF GOODWILL

The following table shows the changes in the carrying amount of goodwill for the period:

  

Goodwill as of December 31, 2025 (1)  $70,984 
Acquisition   - 
Impairment   - 
Foreign currency translation adjustment   (2,463)
Goodwill as of June 30, 2026  $68,521 

 

  1) Related to the acquisition of the Streamex Exchange. See Note 5, Business Acquisition for additional information. Goodwill was initially measured in the functional currency of Streamex Exchange and translated into U.S. dollars using the exchange rate in effect on the acquisition date. Subsequent changes in foreign exchange rates are reflected in the cumulative translation adjustment within other comprehensive loss.
SCHEDULE OF INTANGIBLE ASSETS

  

   June 30,   December 31, 
   2026   2025 
Trade name (1)  $5,100   $5,100 
Developed technology (1)   40,000    40,000 
Legal and compliance framework (1)   2,400    2,400 
Patents   380    380 
Total   47,880    47,880 
Foreign currency translation adjustment   (1,291)   371 
Total accumulated amortization   (6,347)   (3,612)
Intangible assets, net  $40,242   $44,639 

 

  1) Intangible assets acquired in connection with the Streamex Exchange acquisition were initially measured in Canadian dollars and translated into U.S. dollars using the exchange rate in effect on the acquisition date. Subsequent changes in exchange rates are reflected in the carrying amounts presented above and recorded in other comprehensive loss as part of the cumulative translation adjustment.
SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS

Expected future amortization expense of intangible assets as of June 30, 2026, is as follows:

  

      
Remainder 2026  $2,755 
2027   5,509 
2028   5,509 
2029   5,509 
2030   5,509 
Thereafter   15,451 
Total  $40,242