Intangible Assets, Net

6 Months Ended

Jun. 30, 2024

Intangible Assets, Net [Abstract]

Intangible assets, net

Note 6 — Intangible assets, net

Intangible assets, net, consist of the following:

	June 30, 2024			December 31, 2023
Capitalized development costs (1)	$	11,547,692		$	11,416,518
Purchased software		386,342			395,446
Software from business combinations		35,270,142			36,101,237
Franchise right		8,104,909			-
Subtotal		55,309,085			47,913,201
Less: accumulated amortization		(13,041,612	)		(10,614,005	)
Impairment of capitalized development cost and software acquired		(2,214,563	)		(2,266,746	)
Intangible assets, net	$	40,052,910		$	35,032,450

(1) The Group capitalized development costs related to its core supporting modules of the global trade applications and solutions incurred during the application development stage.