INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2025		2024
Consumer
Technology	$	409,896	$	409,896
Customer lists		13,000		13,000
Trademarks/tradenames		3,924		—
Assets under development (1)		—		3,381
		426,820		426,277
Less: accumulated amortization		(386,700)		(379,980)
Sub-total		40,120		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		(3,349,947)		(2,877,855)
Sub-total		3,201,053		3,673,145
Corporate
Technology		512,635		462,548
		512,635		462,548
Less: accumulated amortization		(159,810)		(84,212)
Sub-total		352,825		378,336
	$	3,593,998	$	4,097,778

(2) As of September 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 September 30, 2025:

	Consumer		Commercial		Corporate		Total
2025	$	2,331	$	157,363	$	27,139	$	186,833
2026		9,324		629,448		108,562		747,334
2027		9,324		629,448		108,562		747,334
2028		8,454		629,448		108,562		746,464
2029		3,669		539,920		—		543,589
Thereafter		7,018		615,426		—		622,444
	$	40,120	$	3,201,053	$	352,825	$	3,593,998