| SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL |
Intangible assets, net consists
of the following:
SCHEDULE
OF INTANGIBLE ASSETS AND GOODWILL
| |
|
March 31, 2025 |
|
| |
|
Gross Carrying Amount |
|
|
Accumulated
Amortization
|
|
|
Net |
|
| Trade names |
|
|
27,217,404 |
|
|
|
4,407,819 |
|
|
|
22,809,585 |
|
| Customer relationships |
|
|
6,915,000 |
|
|
|
1,766,246 |
|
|
|
5,148,754 |
|
| Intangible Assets |
|
$ |
34,132,404 |
|
|
$ |
6,174,065 |
|
|
$ |
27,958,339 |
|
| |
|
December 31, 2024 |
|
| |
|
Gross
Carrying Amount |
|
|
Accumulated
Amortization
|
|
|
Net |
|
| Trade names |
|
$ |
27,200,404 |
|
|
$ |
3,905,777 |
|
|
$ |
23,294,627 |
|
| Customer relationships |
|
|
6,915,000 |
|
|
|
1,563,780 |
|
|
|
5,351,220 |
|
| Intangible Assets |
|
$ |
34,115,404 |
|
|
$ |
5,469,557 |
|
|
$ |
28,645,847 |
|
|
| SCHEDULE OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS |
As of March 31, 2025, the expected
future amortization expense of intangible assets was as follows:
SCHEDULE
OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS
| Fiscal period: |
|
March 31, 2025 |
|
| Remainder of 2025 |
|
$ |
2,120,242 |
|
| 2026 |
|
|
2,824,750 |
|
| 2027 |
|
|
2,824,750 |
|
| 2028 |
|
|
2,824,750 |
|
| 2029 |
|
|
2,824,750 |
|
| Thereafter |
|
|
14,539,097 |
|
| Total amortization remaining |
|
$ |
27,958,339 |
|
|