| SCHEDULE OF CHANGES IN GOODWILL |
The
following table presents the goodwill balance and accumulated impairment losses as of June 30, 2026 and December 31, 2025:
SCHEDULE
OF CHANGES IN GOODWILL
| Balance at June 30, 2026 and December 31, 2025 | |
| | |
| Gross goodwill | |
$ | 71,525,609 | |
| Accumulated impairment losses | |
| (51,625,059 | ) |
| Goodwill, net of accumulated impairment losses | |
$ | 19,900,550 | |
|
| SCHEDULE OF INTANGIBLE ASSETS |
Intangible
assets, net are summarized as follows:
SCHEDULE OF INTANGIBLE ASSETS
| | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| | |
June 30, 2026 | |
| | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| Tradenames – trademarks | |
$ | 3,835,981 | | |
$ | (3,647,026 | ) | |
$ | 188,955 | |
| Customer base | |
| 572,048 | | |
| (424,095 | ) | |
| 147,953 | |
| Non-compete agreements | |
| 487,400 | | |
| (487,400 | ) | |
| - | |
| Intellectual property/technology | |
| 2,455,879 | | |
| (2,285,451 | ) | |
| 170,428 | |
| Total intangible assets | |
$ | 7,351,308 | | |
$ | (6,843,972 | ) | |
$ | 507,336 | |
| | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| | |
December 31, 2025 | |
| | |
Gross Carrying Amount | | |
Accumulated Amortization | | |
Net Carrying Amount | |
| Tradenames – trademarks | |
$ | 3,835,981 | | |
$ | (3,472,606 | ) | |
$ | 363,375 | |
| Customer base | |
| 572,048 | | |
| (390,193 | ) | |
| 181,855 | |
| Non-compete agreements | |
| 487,400 | | |
| (487,400 | ) | |
| - | |
| Intellectual property/technology | |
| 2,455,879 | | |
| (2,120,034 | ) | |
| 335,845 | |
| Total intangible assets | |
$ | 7,351,308 | | |
$ | (6,470,233 | ) | |
$ | 881,075 | |
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE |
Based
on the balance of intangible assets at June 30, 2026, expected future amortization expense is as follows:
SCHEDULE OF FUTURE AMORTIZATION EXPENSE
| | |
| | |
| 2026 (remainder of) | |
$ | 335,726 | |
| 2027 | |
| 73,210 | |
| 2028 | |
| 49,200 | |
| 2029 | |
| 49,200 | |
| Total | |
$ | 507,336 | |
|