| SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL |
Intangible
assets, net consists of the following:
SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL
| |
|
September 30, 2025 |
|
| |
|
Gross Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
| Trade names |
|
|
27,220,404 |
|
|
|
5,411,902 |
|
|
|
21,808,502 |
|
| Customer relationships |
|
|
6,915,000 |
|
|
|
2,171,179 |
|
|
|
4,743,821 |
|
| Enterprise Resource Planning System |
|
|
291,440 |
|
|
|
29,144 |
|
|
|
262,296 |
|
| Intangible Assets |
|
$ |
34,426,844 |
|
|
$ |
7,612,225 |
|
|
$ |
26,814,618 |
|
| |
|
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 September 30, 2025, the expected future amortization expense of intangible assets was as follows:
SCHEDULE OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS
| Fiscal period: |
|
September 30, 2025 |
|
| Remainder of 2025 |
|
$ |
682,081 |
|
| 2026 |
|
|
2,824,750 |
|
| 2027 |
|
|
2,824,750 |
|
| 2028 |
|
|
2,824,750 |
|
| 2029 |
|
|
2,824,750 |
|
| Thereafter |
|
|
14,833,537 |
|
| Total amortization remaining |
|
$ |
26,814,618 |
|
|