NOTE 4: INTANGIBLE ASSETS

On November 16, 2023, the Company entered into a Bill of Sale and Assignment and Assumption Agreement with CartDub LLC, a Florida Corporation (“Seller”), to purchase certain intangible assets for a total purchase price of $30,000.

On March 20, 2025, the Company and KS Brushes DBA Kief Sweeper LLC (“Kief Sweeper”) entered into a Bill of Sale and Assignment and Assumption Agreement (the “Kief Sweeper Agreement”). Pursuant to the terms of the Kief Sweeper Agreement, the Company agreed to purchase and Kief Sweeper agreed to sell to the Company, subject to the provisions of the Kief Sweeper Agreement, certain assets consisting of certain intellectual property, including but not limited to the trade name “Kief Sweeper”, the internet domain www.kiefsweeper.com, and a patent pending amounting to $16,000. 

The Company has allocated the purchase price among the acquired intangible assets based on their fair values at the acquisition date. These intangible assets are considered to have definite lives and will be amortized on a straight-line basis over their estimated useful lives, which are as follows:

For the three and six months ended June 30, 2026, the Company recognized amortization expense related to intangible assets of $767 and $1,533, respectively.

For the three and six months ended June 30, 2025, the Company recognized amortization expense related to intangible assets of $767 and $1,267, respectively.

This expense is recognized within the “Selling, General and Administrative Expenses” line item of the income statement and is included in the Company’s unaudited financial statements for the three and six months ended June 30, 2026, and 2025.

The following table presents the intangible assets net of accumulated amortization:

The following table presents the future amortization expenses related to the acquired intangible assets: