v3.26.3
Intangible Assets, net
 6 Months Ended
Jun. 30, 2026
Intangible Assets, net [Abstract]  
Intangible Assets, net
8.
Intangible Assets, net:

The following table shows the Company’s intangible assets by major asset classes as of December 31, 2025 and June 30, 2026:

   
Period Ended
  
   
December 31,
2025
    
June 30,
2026
  
Brand
  
$
290,959
    
$
270,349
  
Customer relationship
    
11,656,130
      
11,048,990
  
Order backlog
    
8,366,621
      
7,324,749
  
Favorable contract
    
839,535
      
763,545
  
Concessions
    
20,158
      
19,547
  
Intangible assets, net
  
$
21,173,403
    
$
19,427,180
  

The following table reflects the gross carrying amount and accumulated amortization as of June 30, 2026:

   
Gross carrying
amount
    
Accumulated
amortization
    
Net carrying
amount
  
Brand
  
$
306,723
    
$
(36,374
)
  
$
270,349
  
Customer relationship
    
11,832,403
      
(783,413
)
    
11,048,990
  
Order backlog
    
9,755,803
      
(2,431,054
)
    
7,324,749
  
Favorable contract
    
919,442
      
(155,897
)
    
763,545
  
Concessions
    
30,801
      
(11,254
)
    
19,547
  
Total intangible assets
  
$
22,845,172
    
$
(3,417,992
)
  
$
19,427,180
  

For the six months ended June 30, 2025 and 2026, total amortization of $992,635 and $1,129,660 was recorded, respectively. The net exchange difference was $(810,609). The estimated aggregate annual amortization expense for the five succeeding fiscal years is $2,259,321. The weighted-average amortization period in total is 15.3 years.