Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS (Tables)

v3.26.1
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS  
Schedule of intangible assets

 

 

March 31,

2026

 

 

December 31,

2025

 

Gross carrying amount

 

$ 3,398,298

 

 

$ 3,854,675

 

Accumulated amortization

 

 

(2,222,710 )

 

 

(2,152,174 )

Asset impairment loss

 

 

-

 

 

 

(456,377 )

Net intangible asset

 

$ 1,175,588

 

 

$ 1,246,124

 

Amortization period (in years)

 

 

10

 

 

 

10

 

Schedule of estimated future amortization expense

2026

 

$ 211,608

 

2027

 

 

282,144

 

2028

 

 

282,144

 

2029

 

 

282,144

 

2030

 

 

117,548

 

Thereafter

 

 

-

 

Total future amortization expense

 

$ 1,175,588