| Intangible Assets |
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
|
|
|