v3.26.1
INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS

7. INTANGIBLE ASSETS

 

Intangible assets consisted of the following at:

 

   June 30,
2026		   December 31,
2025		 
Trade name  $2,000,000   $2,000,000 
Trademarks   185,000    185,000 
Content library (IP)   257,000    257,000 
Customer relationships   8,500,000    8,500,000 
Developed technology   14,710,000    14,500,000 
Internally developed software   430,000    — 
Less: accumulated amortization   (5,438,000)   (3,346,000)
Intangible assets gross   20,644,000    22,096,000 
Internally developed software – in progress   —    158,000 
Total  $20,644,000   $22,254,000 

 

In June 2026, the Company placed into service internally developed software that had been a work in progress from November 2025 through June 2026. The Company has useful lives of 3-9 years for intangible assets. Amortization expense was approximately $1.1 million and $0 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense was approximately $2.1 million and $0 for the six months ended June 30, 2026 and 2025, respectively.

 

The Company’s estimated future amortization of intangible assets was approximately as follows:

 

Years Ending December 31, (unaudited)  Amount 
2026 (remaining)  $2,162,000 
2027   4,325,000 
2028   

4,325,000

 
2029   

4,284,000

 
2030   

1,885,000

 
Thereafter   

3,663,000

 
Total  $20,644,000