INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2025

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

NOTE 7 — INTANGIBLE ASSETS, NET

The following table summarizes the details of the Company’s intangible assets, net:

	June 30,		December 31,
	2025		2024
Consumer
Technology	$	409,896	$	409,896
Customer lists		13,000		13,000
Assets under development (1)		3,924		3,381
		426,820		426,277
Less: accumulated amortization		(384,438)		(379,980)
Sub-total		42,382		46,297
Commercial
Trademarks/tradenames		2,869,000		2,869,000
Customer contracts		1,873,000		1,873,000
Customer relationships		1,809,000		1,809,000
		6,551,000		6,551,000
Less: accumulated amortization		(3,192,582)		(2,877,855)
Sub-total		3,358,418		3,673,145
Corporate
Technology		512,635		462,548
		512,635		462,548
Less: accumulated amortization		(132,669)		(84,212)
Sub-total		379,966		378,336
	$	3,780,766	$	4,097,778

(1) As of June 30, 2025 and December 31, 2024, these intangible assets are under development, have not yet been placed into service, and are not yet amortizable.

The following table depicts the Company’s estimated future amortization expense related to intangible assets as of June 30, 2025:

	Consumer		Commercial		Corporate		Total
2025		4,464		314,724		54,280		373,468
2026		8,928		629,448		108,562		746,938
2027		8,928		629,448		108,562		746,938
2028		8,056		629,448		108,562		746,066
2029		3,273		539,923		—		543,196
Thereafter		4,809		615,427		—		620,236
	$	38,458	$	3,358,418	$	379,966	$	3,776,842