INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

10. INTANGIBLE ASSETS, NET

Intangible assets consist of the following at December 31, 2024 and December 31, 2023:

	Useful Lives	December 31, 2024			December 31, 2023
Customer relationships	7 years	$	7,100,000		$	7,100,000
Developed technology	10 years		9,700,000			10,219,775
Trademarks and tradenames	7 years		2,200,000			2,200,000
			19,000,000			19,519,775
Less: accumulated amortization			(5,171,786	)		(3,411,332	)
Total intangible assets, net		$	13,828,214		$	16,108,443

Amortization expense was $2,280,229 and $2,832,724 for the years ended December 31, 2024 and 2023, respectively.

Amortization expense for the next five years is as follows:

For the years ending December 31,
2025	$	2,298,571
2026		2,298,571
2027		2,298,571
2028		2,298,571
2029		2,298,571
Thereafter		2,335,359
	$	13,828,214

EIGHTCO HOLDINGS INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the Years ended December 31, 2024 and 2023