INTANGIBLE ASSET, NET

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSET, NET

NOTE 9 – INTANGIBLE ASSET, NET

Intangible asset, net is as follows:

	September 30,			December 31,
	2024			2023
Customer relationship	$	5,100,000		$	5,100,000
Less: accumulated amortization		(1,062,500	)		(584,375	)
Intangible asset, net	$	4,037,500		$	4,515,625

Amortization expenses are $478,125 and $425,000 for the nine months ended September 30, 2024 and 2023, respectively.

As of September 30, 2024, the future estimated amortization cost for intangible asset is as follows:

	Estimated
Year Ended December 31,	Amortization
Remaining of 2024	$	159,375
2025		637,500
2026		637,500
2027		637,500
2028		637,500
Thereafter		1,328,125
Total	$	4,037,500