| SCHEDULE OF INTANGIBLE ASSETS |
Intangible
assets consisted of the following as of June 30, 2026 and December 31, 2025:
SCHEDULE OF INTANGIBLE ASSETS
| | |
June 30, 2026 | |
| | |
Gross value | | |
Accumulated amortization | | |
Accumulated impairment | | |
Net carrying value | |
| Amortized intangible assets: | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Sponsorship agreement network | |
| | |
| | |
| | |
| |
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 | |
| | |
| | |
| | |
| |
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 | |
|