XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.3
Intangible Assets, Net
 9 Months Ended
Sep. 30, 2025
Intangible Assets, Net [Abstract]  
Intangible Assets, net

Note 6 – Intangible Assets, net

 

Intangible assets consisted of the following as of September 30, 2025 and December 31, 2024:

 

   September 30,
2025		   December 31,
2024		 
    (unaudited)     
Software  $4,890,092   $4,890,092 
Add: purchase of software*   5,988,523    
-
 
Subtotal   10,878,615    4,890,092 
Less: accumulated amortization   (1,822,573)   (1,036,518)
Accumulated impairment   (2,751,174)   (2,751,174)
Total  $6,304,868   $1,102,400 

 

* On April 28, 2025, the Company purchased one software- Chat Box, by issuance of 2,444,295 shares of the Company’s common stock. Chat Box is an immersive chatbot platform centered on Al technology, specifically designed for otaku enthusiasts and interactive entertainment scenarios. Building on the Chat Box platform, the Company is undertaking secondary development to create a product that will serve as both mobile and web platform for interactive fiction experiences, where readers can make choices that branch the storyline and lead to multiple endings.

Amortization expenses for the three months ended September 30, 2025 and 2024 were $361,828 and $245,136, respectively. Amortization expenses for the nine months ended September 30, 2025 and 2024 were $786,055 and $628,834, respectively.

 

As of September 30, 2025, the net book value of software copyrights was $ 6,304,868, after deducting accumulated amortization of $1,822,573. No impairment losses were recorded for the three and nine months ended September 30, 2025. Due to limited potential economic benefits for varying reasons for the nine months ended September 30, 2024, the Company recognized impairment losses of $2,756,986 for the three and nine months ended September 30, 2024, to the software copyrights.

 

Future amortization of intangible assets are as follows:

 

    Amortization  
Remaining of FY2025     361,826  
FY2026     1,447,308  
FY2027     1,447,308  
FY2028     1,447,308  
FY2029     1,301,708  
FY2030     299,410  
Total future amortization of intangible assets   $ 6,304,868