| SCHEDULE OF INTANGIBLE ASSETS |
All
of the Company’s current identified intangible assets were assumed upon consummation of the Empire acquisition on October 1, 2021.
Identified intangible assets consisted of the following at the dates indicated below:
SCHEDULE OF INTANGIBLE ASSETS
| | |
June
30, 2026 | | |
Remaining |
| | |
Gross carrying | | |
Accumulated | | |
Carrying | | |
estimated |
| | |
amount | | |
amortization | | |
value | | |
useful
life |
| Intellectual Property | |
$ | 3,036,000 | | |
$ | (2,884,200 | ) | |
$ | 151,800 | | |
0.50 years |
| Customer List | |
| 2,239,000 | | |
| (1,063,525 | ) | |
| 1,175,475 | | |
5.50 years |
| Licenses | |
| 21,274,000 | | |
| (10,105,150 | ) | |
| 11,168,850 | | |
5.50 years |
| Total intangible assets,
net | |
$ | 26,549,000 | | |
$ | (14,052,875 | ) | |
$ | 12,496,125 | | |
|
| | |
December
31, 2025 | | |
Remaining |
| | |
Gross carrying | | |
Accumulated | | |
Carrying | | |
estimated |
| | |
amount | | |
amortization | | |
value | | |
useful
life |
| Intellectual Property | |
$ | 3,036,000 | | |
$ | (2,580,600 | ) | |
$ | 455,400 | | |
1 years |
| Customer List | |
| 2,239,000 | | |
| (951,575 | ) | |
| 1,287,425 | | |
6 years |
| Licenses | |
| 21,274,000 | | |
| (9,041,450 | ) | |
| 12,232,550 | | |
6 years |
| Total intangible assets,
net | |
$ | 26,549,000 | | |
$ | (12,573,625 | ) | |
$ | 13,975,375 | | |
|
|
| SCHEDULE OF AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS |
Total
estimated amortization expense for our intangible assets for the years 2026 through 2030 is as follows:
SCHEDULE OF AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS
| Year
ended December 31, | |
| |
| 2026 (remaining) | |
$ | 1,327,450 | |
| 2027 | |
| 2,351,300 | |
| 2028 | |
| 2,351,300 | |
| 2029 | |
| 2,351,300 | |
| 2030 | |
| 2,351,300 | |
| Thereafter | |
| 1,763,475 | |
|