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INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

4.     INTANGIBLE ASSETS, NET

  

Intangible assets consist of the following:

        
  

September 30,

2025

   December 31,
2024		 
Patents and trademarks  $38,186   $38,186 
Platform   35,051,787    29,317,318 
Customer lists and contracts   1,177,200    1,177,200 
Licenses   237,576    216,901 
Hosting implementation   43,400    43,400 
Contract assets   340,326    277,600 
Non-compete agreement   503,000    – 
Acquired technologies   10,568,000    – 
    47,959,475    31,070,605 
Less: accumulated amortization   (24,617,569)   (18,830,888)
Intangible assets, net  $23,341,906   $12,239,717 

 

Intangible assets are amortized over their useful lives ranging from periods of 3 to 15 years. Amortization expense for the three months ended September 30, 2025 and 2024 was $2,070,100 and $1,474,220, respectively. Amortization expense for the nine months ended September 30, 2025 and 2024 was $5,786,681 and $4,022,324, respectively.