| Intangible Assets |
11. Intangible Assets | | | As of June 30, 2026 | | | | | Gross
Carrying
Value | | | Accumulated
Amortization | | | Net Carrying
Value | | | Intellectual property | | $ | 462,047 | | | $ | (281,503 | ) | | $ | 180,544 | | | Domain name | | | 605,447 | | | | (170,717 | ) | | | 434,730 | | | Brand | | | 1,284,000 | | | | (601,369 | ) | | | 682,631 | | | Software and technology | | | 31,249,199 | | | | (17,202,277 | ) | | | 14,046,922 | | | Internal software development | | | 12,074,536 | | | | (4,948,936 | ) | | | 7,125,600 | | | Assembled workforce | | $ | 726,222 | | | | (726,222 | ) | | | - | | | Customer contracts | | | 27,915,300 | | | | (2,722,427 | ) | | | 25,192,873 | | | Customer relationships | | | 141,627,420 | | | | (1,475,286 | ) | | | 140,152,134 | | | | | $ | 215,944,171 | | | $ | (28,128,737 | ) | | $ | 187,815,434 | | | | | As of December 31, 2025 | | | | | Gross
Carrying
Value | | | Accumulated
Amortization | | | Net Carrying
Value | | | Intellectual property | | $ | 462,047 | | | $ | (247,651 | ) | | $ | 214,396 | | | Domain name | | | 500,447 | | | | (153,452 | ) | | | 346,995 | | | Brand | | | 1,284,000 | | | | (537,169 | ) | | | 746,831 | | | Software and technology | | | 30,325,084 | | | | (14,126,148 | ) | | | 16,198,936 | | | Internal software development | | | 10,029,795 | | | | (3,513,244 | ) | | | 6,516,551 | | | Assembled workforce | | | 726,222 | | | | (726,222 | ) | | | - | | | | | $ | 43,327,595 | | | $ | (19,303,886 | ) | | $ | 24,023,709 | | The customer contract and customer relationships were acquired in the acquisition (see Note 3) and are being amortized over a weighted average life of 4.26 years. Amortization expense related to intangible assets was $6,575,519 and $2,182,096 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense related to intangible assets was $8,824,851 and $4,310,582 for the six months ended June 30, 2026 and 2025, respectively. For intangible assets held as of June 30, 2026, future amortization expense is as follows: | Remainder of 2026 | | $ | 46,879,003 | | | 2027 | | | 44,765,681 | | | 2028 | | | 42,154,169 | | | 2029 | | | 36,582,763 | | | 2030 | | | 16,984,459 | | | Thereafter | | | 449,359 | | | | | $ | 187,815,434 | |
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