v3.26.3
INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
INTANGIBLE ASSETS

NOTE 3 – INTANGIBLE ASSETS

 

Definite-Lived Intangible Assets

 

The Company’s definite-lived intangible assets consist of capitalized software development costs. The intangible assets are being amortized over their estimated useful lives of five years. The Company periodically evaluates the reasonableness of the useful lives of these assets. These assets are also reviewed for impairment or obsolescence when events or circumstances indicate that the carrying amount may not be recoverable. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset.

         
   Useful Life  September 30,
2026		  December 31,
2025
          
Software development costs  5 years  $3,602,328   $3,602,328 
Less accumulated amortization      (1,678,580)   (1,138,231)
Net carrying value, software development costs     $1,923,748   $2,464,097 

 

During each of the three months ended September 30, 2026, and 2025, the Company recognized approximately $180,000 of amortization expense, respectively, related to capitalized software development costs. During each of the nine months ended September 30, 2026, and 2025, the Company recognized approximately $540,000 of amortization expense, respectively, related to capitalized software development costs. Amortization expense is included in depreciation and amortization on the consolidated statements of operations.

  

Future approximate annual amortization of software development costs for products being marketed at September 30, 2026, is as follows:

   
Remainder of 2026  $180,000 
2027   720,000 
2028   720,000 
2029   304,000 
Total  $1,924,000