Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

Note 6. Goodwill and Intangible Assets, Net

The following table sets for the changes in the carrying amount of the Company’s Goodwill for the nine months ended September 30, 2025.

	2025
Balance, January 1	$	249,986
Addition:		-
Balance, September 30	$	249,986

The Company performed an evaluation of the value of goodwill at December 31, 2024. Based upon this evaluation it was determined that there should be no adjustment to goodwill. There has been nothing noted during the nine months ended September 30, 2025 that would indicate that the value of goodwill should change through that date.

The following table sets for the components of the Company’s intangible assets at September 30, 2025:

	Amortization Period (Years)		Cost		Accumulated Amortization			Net Book Value
Intangible Assets Subject to amortization
Trademarks		15	$	121,000	$	(30,818	)	$	90,182
Customer Relationships		10		600,000		(235,000	)		365,000
Non-Compete Agreements		5		22,000		(17,966	)		4,034
Total			$	743,000	$	(283,784	)	$	459,216

The aggregate amortization remaining on the intangible assets as of September 30, 2025 is a follows:

	Intangible Assets Amortization
2025 ( 3 months remaining)		30,193
2026		71,366
2027		68,067
2028		68,067
Thereafter		221,523
Total	$	459,216

Amortization expense for amortizable intangible assets for each of the nine months ended September 30, 2025 and 2024 was $54,350.