Goodwill and Intangible Assets

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

5. Goodwill and Intangible Assets

The following table shows the changes in the carrying amount of goodwill for the period:

Goodwill as of December 31, 2023		8,147,590
Disposals		(125,508	)
Goodwill as of December 31, 2024		8,022,082
Acquisitions		1,066,181
Goodwill as of September 30, 2025	$	9,088,263

There was no goodwill impairment recognized in the nine months ended September 30, 2025 and 2024.

The following summarizes the Company’s intangible assets as of September 30, 2025 and December 31, 2024:

	September 30,			December 31,
	2025			2024
Client List	$	1,916,444		$	1,916,444
Noncompete Agreement		398,300			398,300
Trademark		1,047,792			1,047,792
Other Intangible Assets		45,836			45,836
Accumulated amortization		(2,233,273	)		(1,774,445	)
	$	1,175,099		$	1,633,927

Amortization expense was $151,346 and $196,782 for the three months ended September 30, 2025 and 2024, respectively, and $458,828 and $624,396 for the nine months ended September 30, 2025 and 2024, respectively.

Expected future amortization expense of intangible assets as of September 30, 2025, is as follows:

Remainder of 2025	$	149,198
2026		575,259
2027		368,079
2028		82,563
2029		-
2030		-
	$	1,175,099

5. Goodwill and Intangible Assets

The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023:

Goodwill as of December 31, 2022	$	7,614,553
Acquisitions		533,037
Goodwill as of December 31, 2023		8,147,590
Disposals		(125,508	)
Goodwill as of December 31, 2024	$	8,022,082

There was no goodwill impairment recognized in the years ended December 31, 2024 and 2023.

The following summarizes the Company’s intangibles assets not including goodwill as of December 31, 2024 and 2023:

	Year Ended December 31,
	2024			2023
Client List	$	1,916,444		$	2,071,000
Noncompete Agreement		398,300			398,300
Trademark		1,047,792			1,117,200
Other Intangible Assets		45,836			45,836
Accumulated amortization		(1,774,445	)		(1,119,308	)
	$	1,633,927		$	2,513,028

Amortization expenses were $778,343 and $749,062 for the years ended December 31, 2024 and 2023, respectively.

Expected future amortization expense of intangible assets as of December 31, 2024 is as follows:

2025	$	608,025
2026		575,259
2027		368,079
2028		82,564
2029		-
	$	1,633,927