v3.26.1
Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

 

As of June 30, 2026, and December 31, 2025, Intangible assets consisted of the following:

 

    Useful life   June 30,
2026		     December 31,
2025		  
At cost:                
Software platform   5 years   $ 210,000     $ 210,000  
Software Programs   3 years     44,375       30,537  
                     
Less: accumulated amortization         (206,517 )     (179,612 )
        $ 47,858     $ 60,925  

 

On November 15, 2021, the Company entered into a subscription agreement with Seatrix Software Production Single Member S.A, a related party company, to issue 7,000,000 restricted common shares for the purchase of license software, equal to the aggregate of $210,000 at the stated value of $0.03 per share.

 

Under this agreement, Seatrix grants the Company an exclusive and non-transferable license to use their artificial intelligence software managing shipping crews. The term of this agreement began on January 1, 2022.

 

The value of each common share was stated at $0.03, the FMV that the shares were trading as of January 3, 2022. The total value of $210,000 was amortized over its useful life of 5 years and the amortization began on January 1, 2022. Intangible assets are measured initially at cost. After initial recognition, an entity usually measures an intangible asset at cost less accumulated amortization.

 

Additionally, the Company has acquired software programs with an overall initial cost of $13,838 during the six month period ended June 30, 2026.

 

Amortization of intangible assets attributable to future periods is as follows:

 

Schedule of Amortization of intangible assets

 

Year ending December 31:   Amount  
2026     28,132  
2027     13,210  
2028     6,516  
    $ 47,858  

 

The accumulated amortization of Intangible assets is $206,517 and $179,612 as of June 30, 2026, and December 31, 2025, respectively.