INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

11. INTANGIBLE ASSETS, NET

Intangible assets consist of the following at March 31, 2025 and December 31, 2024:

	Useful Lives	March 31, 2025			December 31, 2024
Customer relationships	7 years	$	7,100,000		$	7,100,000
Developed technology	10 years		9,700,000			9,700,000
Trademarks and tradenames	7 years		2,200,000			2,200,000
			19,000,000			19,000,000
Less: accumulated amortization			(5,746,428	)		(5,171,786	)
Total intangible assets, net		$	13,253,572		$	13,828,214

Amortization expense was $574,642 and $556,299 for the three months ended March 31, 2025 and 2024, respectively.

Amortization expense for the next five years is as follows:

For the years ending December 31,
2025 (excluding the three months ended March 31, 2025)	$	1,723,928
2026		2,298,571
2027		2,298,571
2028		2,298,571
2029		2,298,571
Thereafter		2,335,360
	$	13,253,572

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)