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Intangible Assets, Net
 3 Months Ended
Mar. 31, 2025
Intangible Assets, Net [Abstract]  
Intangible Assets, net

Note 5 – Intangible Assets, net

 

Intangible assets consisted of the following as of March 31, 2025 and December 31, 2024:

 

   March 31,
2025		   December 31,
2024		 
    (unaudited)     
Software copyrights  $4,890,092   $4,890,092 
Subtotal   4,890,092    4,890,092 
Less: accumulated amortization   (1,098,918)   (1,036,518)
Accumulated impairment   (2,751,174)   (2,751,174)
Total  $1,040,000   $1,102,400 

 

Amortization expense for the three months ended March 31, 2025 and 2024 was $62,400 and $182,373, respectively.

 

As of March 31, 2025, the net book value of software copyrights was $1,040,000, after deducting accumulated amortization of $208,000. No impairment losses were recorded for the three months ended March 31, 2025 and 2024.

 

Future amortization of intangible assets are as follows:

 

   Amortization 
Remaining of FY2025   187,200 
FY2026   249,600 
FY2027   249,600 
FY2028   249,600 
FY2029   104,000 
Total future amortization of intangible assets  $1,040,000