GOODWILL

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

NOTE 7 – GOODWILL

The Company has one reporting unit, the Trucking unit. As of December 31, 2024 and December 31, 2023, the goodwill for the reporting unit was $12,440,922 and $0, respectively. The goodwill at December 31, 2024, is the result of the Company’s acquisition of Standard. Certain estimated fair values of the assets acquired and liabilities assumed for the acquisition, including goodwill and associated intangible assets, are not yet finalized (Note 3 – Business Combinations). Therefore, the Company anticipates a reduction of the preliminary goodwill balance due to allocations to other tangible and intangible assets and liabilities during the first half of the year ended December 31, 2025.

The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2024 and 2023 are as follows:

	Trucking
Gross Goodwill:	$
Balance as of January 1, 2024		-
Goodwill recognized		12,440,922
Balance as of December 31, 2024		12,440,922
Accumulated Impairment:
Balance as of January 1, 2024		-
Impairment		-
Balance as of December 31, 2024		-
Net carrying value, as of December 31, 2024	$	12,440,922