Intangible Assets

3 Months Ended

Mar. 31, 2024

Next NRG Holding Corp [Member]

Intangible Assets

Note 6 – Intangible Assets

The Company’s intangible assets were acquired in connection with the acquisition of STAT. See Note 1.

Intangibles consisted of the following at March 31, 2024 and December 31, 2023, respectively:

						Estimated
Classification	March 31, 2024			December 31, 2023		Useful Lives (Years)
License agreements	$	4,900,000		$	-	15
Tradenames/trademarks		600,000			-	5
Less: accumulated amortization		(111,667	)		-
Intangibles - net	$	5,388,333		$	-

Amortization expense for the three months ended March 31, 2024 and 2023 was $111,667 and $0, respectively.

Estimated amortization expense for each of the five (5) succeeding years and thereafter is as follows:

For the Years Ended December 31:
2024 (9 Months)		335,000
2025		446,668
2026		446,668
2027		446,668
2028		446,668
Thereafter		3,266,661
Total	$	5,388,333