v3.26.1
Intangible Assets, Net of Accumulated Amortization
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
HZO, Inc. and Subsidiaries    
Intangible Assets    
Intangible Assets, Net of Accumulated Amortization

13.Intangible Assets, Net of Accumulated Amortization

Intangible assets, net of accumulated amortization consists of the following:

As of June 30, 2026

Remaining 

Amortization 

Gross

Net

Period in

Carrying

Accumulated

 Carrying

  ​ ​ ​

Useful Life

  ​ ​ ​

Years

  ​ ​ ​

Amount

  ​ ​ ​

 Amortization

  ​ ​ ​

 Amount

Developed technology asset

10 years

2.3

$

3,875,812

$

2,906,119

$

969,693

As of December 31, 2025

Remaining 

Amortization 

Gross

Net 

Period in

Carrying 

Accumulated 

Carrying 

  ​ ​ ​

Useful Life

  ​ ​ ​

Years

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Developed technology asset

 

10 years

 

2.8

$

3,875,812

$

2,698,327

 

$

1,177,485

The amortization expense on the intangible asset was $207,791 for the six months ended June 30, 2026 and 2025, respectively.

The estimated future amortization expense of the intangible asset as of June 30 is as follows:

  ​ ​ ​

Amount

2026 (remaining)

 

207,791

2027

 

415,583

2028

 

346,319

Total

 

$

969,693

12.

Intangible Assets, Net of Accumulated Amortization

Intangible assets, net of accumulated amortization consists of the following as of December 31:

 

2025

 

Remaining

 

Amortization

 

Gross

 

Net

 

Useful

 

Period in

 

Carrying

 

Accumulated

 

Carrying

  ​ ​ ​

Life

  ​ ​ ​

Years

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Developed technology asset

 

10 years

 

2.8

$

3,875,812

$

2,698,327

$

1,177,485

 

2024

 

Remaining

 

Amortization

 

Gross

 

Net

 

Useful

 

Period in

 

Carrying

 

Accumulated

 

Carrying

  ​ ​ ​

Life

  ​ ​ ​

Years

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

  ​ ​ ​

Amount

Developed technology asset

 

10 years

 

3.8

$

3,875,812

$

2,282,745

$

1,593,067

The amortization expense on the intangible asset was $415,583 for the years ended December 31, 2025 and 2024, respectively.

The estimated future amortization expense of the intangible asset as of December 31 is as follows:

  ​ ​ ​

Amount

2026

 

415,583

2027

 

415,583

2028

 

346,319

Total

$

1,177,485