NOTE 5 - INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2025

Notes

NOTE 5 - INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

Intangible assets consist of the following:

		September 30,		December 31,
		2025		2024
Developed technology (42 Telecom acquisition)	$	13,000,000	$	-
Customer relationships (42 Telecom acquisition)		1,750,000		-
Internally developed software		355,679		-
Computer software		1,420		-
Website		-		-
		15,107,099		-
Less : Accumulated amortization		635,675		-
Intangible assets, net	$	14,471,425	$	-

Intangible assets of $13,000,000 and $1,750,000 represent developed technology and customer relationships, respectively, identified pursuant to the 42 Telecom business combination (see Note 3). The amount represents preliminary estimates of fair value and are subject to adjustment as the Company finalizes its purchase price allocation.

The Company recorded amortization of $541,667 pertaining to developed technology and $72,917 pertaining to customer relationships during the three and nine months ended September 30, 2025. There was no amortization expense recorded during the three and nine months ended September 30, 2024.

Amortization expense of $21,091 was recognized on internally developed software for the three and nine months ended September 30, 2025.

In addition, as of September 30, 2025 and December 31, 2024, the Company had Capital Work in Progress in the amount of $309,713 and $0.