Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following:

	September 30, 2025		December 31, 2024
Goodwill	$	20,007,670	$	20,007,670

	September 30, 2025			December 31, 2024
Intangible Assets
Customer relationships	$	1,945,581		$	1,700,000
Trade name		2,400,000			2,400,000
Developed technology		2,845,582			2,600,000
Intangible assets, gross		7,191,163			6,700,000
Accumulated amortization		(4,117,996	)		(2,431,668	)
Intangible assets, net	$	3,073,167		$	4,268,332

On December 29, 2023, in relation to the acquisition of CardCash (see Note 3), the Company recorded goodwill of $20,007,670.

On December 29, 2023, in relation to the acquisition of CardCash (see Note 3), the Company recorded intangible assets of $6,700,000. At December 31, 2024, the unamortized intangible asset balance was $4,268,332. During the nine months ended September 30, 2025, the Company recorded an additional $491,163 of intangible assets related to its acquisition of Takeout7 (see Note 3), and recorded an amortization expense of $1,686,328, leaving a remaining unamortized intangible asset balance of $3,073,167 at September 30, 2025.

Identifiable intangibles are amortized over their estimated remaining useful lives, which are as follows:

Description	Weighted Average Useful Life (in years)
Customer relationships		3
Trademarks, trade names and service marks		3
Developed technology		3

Amortization expense on intangible assets was as follows:

	Nine Months Ended September 30, 2025		Nine Months Ended September 30, 2024
Amortization expense	$	1,686,328	$	1,823,751

Estimated amortization expense for the Company is as follows:

2025 (Remainder)	$	557,840
2026		2,291,888
2027		157,722
2028		65,717
	$	3,073,167