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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS

 

Intangible Assets with definite useful life consist of licenses, customer lists and software that were acquired through acquisitions. Intangible Assets with indefinite useful life consist of the Lifeline license granted by the FCC. The license, because of the nature of the asset and the limitation on the number of granted Lifeline licenses by the FCC, will not be amortized. The license was acquired through an acquisition. The fair market value of the license as of June 30, 2025, and December 31, 2024, was $323,468.

 

   June 30, 2025   December 31, 2024 
Customer List  $1,135,962   $1,135,962 
Software   2,407,001    2,407,001 
ETC License   323,468    323,468 
Less: Amortization   (3,542,963)   (3,542,963)
Net Amortizable Intangibles   323,468    323,468 
Right of Use Assets, net   257,499    319,549 
Intangible Assets, net  $580,967   $643,017 

 

Amortization expense amounted to $0, and $0 for the three (3) months ended June 30, 2025, and 2024, respectively. Amortization expense amounted to $0, and $0 for the six (6) months ended June 30, 2025, and 2024, respectively. Amortization expense is included as a component of operating expenses in the accompanying statements of operations. With the exception of the Lifeline license granted by the FCC, all intangible assets were fully amortized as of December 31, 2021.