Note 8 - INTANGIBLE ASSETS

The Company’s intangible assets consist of finite-lived and goodwill. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives and are reviewed for impairment under ASC 360 whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. The Company’s goodwill asset is not amortized and is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the asset may be impaired. Costs incurred to renew or extend the term of recognized intangible assets are expensed as incurred.

During the period ended September 30, 2026, the Company acquired certain intangible assets, including intangible assets recognized in connection with the Dakota Lithium acquisition. Intangible assets acquired in a business combination are recognized separately from goodwill when they are identifiable and are measured at their acquisition-date fair values. The disclosure below presents the Company’s total intangible assets as of September 30, 2026, including any intangible assets that existed before the Dakota Lithium acquisition and any intangible assets recognized in connection with the acquisition.

The following table summarizes the Company’s intangible assets as of September 30, 2026:

 SCHEDULE OF INTANGIBLE ASSETS

DRAGONFLY ENERGY HOLDINGS CORP.

Notes to Unaudited Condensed Consolidated Financial Statements

(in thousands, except share and per share data)

Note 8 - INTANGIBLE ASSETS (CONTINUED)

Estimated amortization for intangible assets for each of the next five years is as follows:

 SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS

Intangible Assets Recognized in the Dakota Lithium Acquisition

In connection with the Dakota Lithium acquisition, the Company recognized identifiable intangible assets at their acquisition-date fair values. The intangible assets recognized included customer relationships and trade name. The acquisition-date fair values assigned to intangible assets acquired in the Dakota Lithium acquisition were as follows:

 SCHEDULE OF ACQUISITION-DATE FAIR VALUES ASSIGNED TO INTANGIBLE ASSETS ACQUIRED