v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

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

 

   June 30, 2026 
  

Gross

value

   Accumulated amortization  

Accumulated

impairment

  

Net carrying

value

 
Amortized intangible assets:                    
                     
Sponsorship agreement network   5,600,000    4,853,333    746,667     

Search engine optimization (SEO) content

   600,000    600,000         
Personal seat licenses   117,339    18,905        98,434 
Website enhancements   100,269    36,144        64,125 
                     
    6,417,608    5,508,382    746,667    162,559 
                     
Indefinite life intangible assets:                    
Goodwill   6,112,507        1,735,000    4,377,507 
Trade name and trademarks   900,000        560,000    340,000 
Patents and trademarks pending   1,260            1,260 
                     
Total  $13,431,375   $5,508,382   $3,041,667   $4,881,326 

 

   December 31, 2025 
  

Gross

value

   Accumulated amortization  

Accumulated

impairment

  

Net carrying

value

 
Amortized intangible assets:                    
Sponsorship agreement network   5,600,000    4,853,333    746,667     

Search engine optimization (SEO) content

   600,000    600,000         
Personal seat licenses   117,339    16,949        100,390 
Website enhancements   54,908    23,383        31,525 
                     
    6,372,247    5,493,665    746,667    131,915 
                     
Indefinite life intangible assets:                    
Goodwill   6,112,507        1,735,000    4,377,507 
Trade name and trademarks   900,000        560,000    340,000 
                     
Total  $13,384,754   $5,493,665   $3,041,667   $4,849,422 
SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE

 

Intangible Asset Useful Life    
Sponsorship agreement network   5 years
Search engine optimization (SEO) content   4 years
Personal seat licenses   30 years
Website enhancements   3 years
SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS

 

Year ending December 31:    
2026  $18,667 
2027   27,278 
2028   23,783 
2029   8,086 
2030   3,912 
2031 and thereafter   80,833 
      
Total  $162,559