NOTE 6: INTANGIBLE ASSETS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| NOTE 6: INTANGIBLE ASSETS | NOTE 6: INTANGIBLE ASSETS
Intangible assets, net, consist of the trademarks and licenses acquired in the J Street acquisition and the customer relationships and brand acquired in the Prestige acquisition (See Note 3). Intangible assets are amortized on a straight-line basis over their estimated useful life of five years.
Amortization expense was approximately $16,270 and $33,482 for the three and six months ended June 30, 2026, respectively. The Company did not have intangible assets in the comparative periods.
Estimated future amortization expense for the next five years is as follows:
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