| SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL |
Intangible
assets, net consists of the following:
SCHEDULE
OF INTANGIBLE ASSETS AND GOODWILL
| |
|
December 31, 2025 |
|
| |
|
Gross |
|
|
|
|
|
|
|
| |
|
Carrying |
|
|
Accumulated |
|
|
|
|
| |
|
Amount |
|
|
Amortization |
|
|
Net |
|
| Trade names |
|
$ |
15,264,404 |
|
|
$ |
5,913,944 |
|
|
$ |
9,350,460 |
|
| Customer relationships |
|
|
4,871,000 |
|
|
|
2,373,646 |
|
|
|
2,497,354 |
|
| ERP System |
|
|
291,440 |
|
|
|
43,716 |
|
|
|
247,724 |
|
| Intangible Assets |
|
$ |
20,426,844 |
|
|
$ |
8,331,306 |
|
|
$ |
12,095,538 |
|
| |
|
December 31, 2024 |
|
| |
|
Gross |
|
|
|
|
|
|
|
| |
|
Carrying |
|
|
Accumulated |
|
|
|
|
| |
|
Amount |
|
|
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 December 31, 2025, the expected future amortization expense of intangible assets was as follows:
SCHEDULE
OF AMORTIZATION EXPENSES OF INTANGIBLE ASSETS
| Fiscal Period: |
|
|
|
| 2026 |
|
|
2,824,750 |
|
| 2027 |
|
|
2,824,750 |
|
| 2028 |
|
|
2,824,750 |
|
| 2029 |
|
|
2,824,750 |
|
| 2030 |
|
|
2,824,750 |
|
| Thereafter |
|
|
11,971,788 |
|
| Total |
|
$ |
26,095,538 |
|
|