Note 8. Intangible Assets, Net Intangible assets, net, consisted of the following: | | | As of June 30, 2026 | | | | | Gross
carrying
amount | | | Accumulated
amortization | | | Net book
value | | | Weighted
average
remaining
useful life
(in years) | | | | | | | | | | | | | | | | | Software license | | $ | 502,500 | | | $ | (100,500 | ) | | $ | 402,000 | | | | 4.0 | | | Capitalized software | | | 200,000 | | | | - | | | | 200,000 | | | | | | | Total intangible assets | | $ | 702,500 | | | $ | (100,500 | ) | | $ | 602,000 | | | | | | | | | As of December 31, 2025 | | | | | Gross
carrying
amount | | | Accumulated
amortization | | | Net book
value | | | Weighted
average
remaining
useful life
(in years) | | | | | | | | | | | | | | | | | Software license | | $ | 502,500 | | | $ | (50,250 | ) | | $ | 452,250 | | | | 4.5 | | | Capitalized software | | | - | | | | - | | | | - | | | | | | | Total intangible assets | | $ | 502,500 | | | $ | (50,250 | ) | | $ | 452,250 | | | | | | During the three and six months ended June 30, 2026, the Company recorded $25,125 and $50,250, respectively, of amortization expense related to the intangible asset.
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