Intangible Assets, Net

6 Months Ended

Jun. 30, 2025

Intangible Assets, Net [Abstract]

Intangible assets, net

Note 5 — Intangible assets, net

Intangible assets, net consist of the following:

	June 30, 2025		December 31, 2024
Capitalized development costs (1)	$	12,534,364	$	11,995,622
Purchased software		391,929		384,643
Software from business combinations		44,002,341		43,184,301
Subtotal		56,928,634		55,564,566
Less: accumulated amortization		(17,338,186)		(15,877,444	)
Impairment		(36,419,179)		(28,614,264	)
Intangible assets, net	$	3,171,269	$	11,072,858

(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.

Amortization expense for the six months ended June 30, 2025 and 2024 amounted to $1,145,741 and $2,691,285, respectively.