| Intangible Assets, Net |
4.
Intangible Assets, Net
At
September 30, 2026, intangible assets consisted of the following:
Schedule of Intangible Assets
| | |
Estimated | |
| | |
Accumulated | | |
| |
| | |
Useful Life | |
Costs | | |
Amortization | | |
Net | |
| Trade names | |
10 years | |
$ | 297,000 | | |
$ | (158,442 | ) | |
$ | 138,558 | |
| Proprietary technology | |
10 years | |
| 861,000 | | |
| (387,450 | ) | |
| 473,550 | |
| Customer relationships | |
5-15 years | |
| 4,091,000 | | |
| (2,067,835 | ) | |
| 2,023,165 | |
| | |
| |
$ | 5,249,000 | | |
$ | (2,613,727 | ) | |
$ | 2,635,273 | |
At
December 31, 2025, intangible assets consisted of the following:
| | |
Estimated | |
| | |
Accumulated | | |
| |
| | |
Useful Life | |
Costs | | |
Amortization | | |
Net | |
| Trade names | |
10 years | |
$ | 297,000 | | |
$ | (136,166 | ) | |
$ | 160,834 | |
| Proprietary technology | |
10 years | |
| 861,000 | | |
| (322,875 | ) | |
| 538,125 | |
| Customer relationships | |
5-15 years | |
| 4,091,000 | | |
| (1,883,771 | ) | |
| 2,207,229 | |
| | |
| |
$ | 5,249,000 | | |
$ | (2,342,812 | ) | |
$ | 2,906,188 | |
Amortization
expense for the three and nine months ended September 30, 2026 and 2025, amounted to $81,527 and $270,915, respectively, and $121,027
and $371,814, respectively. The following table represents future amortization expense for intangible assets subject to amortization.
Schedule of Amortization Expense for Intangible Assets
| For the Twelve Months Ending September 30, | |
Amount | |
| 2027 | |
$ | 326,108 | |
| 2028 | |
| 314,223 | |
| 2029 | |
| 305,733 | |
| 2030 | |
| 298,791 | |
| 2031 | |
| 293,833 | |
| Thereafter | |
| 1,096,585 | |
| Intangible assets | |
$ | 2,635,273 | |
|