GOODWILL AND INTANGIBLE ASSETS |
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| GOODWILL AND INTANGIBLE ASSETS | NOTE 5 — GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill was $2,583,253 at June 30, 2026 and nil at December 31, 2025. All goodwill was recognized in connection with the acquisition of Flipside AI on April 1, 2026 (Note 4). No measurement-period adjustments were recorded during the period, and the Company has no accumulated goodwill impairment losses.
Because goodwill was first recognized on April 1, 2026, no annual impairment test has been performed to date. The Company did not identify events or changes in circumstances during the quarter that would indicate the carrying amount of goodwill may not be recoverable.
Intangible assets
Amortization expense was $8,714 for the three and six months ended June 30, 2026. Estimated future amortization expense is as follows:
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