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GOODWILL AND INTANGIBLES, NET | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES, NET | NOTE 6 – GOODWILL AND INTANGIBLES, NET The changes in the carrying amount of the Company’s goodwill were as follows: SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL
|  | Total |
Balance as of December 31, 2023 |  | $ | 3,601,781 |
Acquisitions |  |  | - |
Balance as of December 31, 2024 |  |  | 3,601,781 |
Acquisitions |  |  | - |
Balance as of September 30, 2025 |  | $ | 3,601,781 |
In connection with the change in reportable operating segments in the second quarter of 2024, the Company reassessed goodwill as the segments are presented in this report. The Company’s assessment determined that these changes, or any other matters noted, including the decision to discontinue the THP segment in mid-September 2025, did not alter the Company’s conclusion that goodwill was not impaired as of September 30, 2025. The carrying values of the Company’s intangible assets were as follows for the periods presented: SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net |  |  | Cost |  |  | Accumulated Amortization |  |  | Net |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents and Other IP |  | $ | 17,163,770 |  |  | $ | (2,668,638 | ) |  | $ | 14,495,132 |  |  | $ | 17,683,771 |  |  | $ | (1,859,840 | ) |  | $ | 15,823,931 |
Customer relationships and other |  |  | 7,260,008 |  |  |  | (3,417,519 | ) |  |  | 3,842,489 |  |  |  | 7,260,008 |  |  |  | (2,641,456 | ) |  |  | 4,618,552 |
Licenses |  |  | 4,700,000 |  |  |  | (1,936,838 | ) |  |  | 2,763,162 |  |  |  | 4,700,000 |  |  |  | (1,661,388 | ) |  |  | 3,038,612 |
Total |  | $ | 29,123,778 |  |  | $ | (8,022,995 | ) |  | $ | 21,100,783 |  |  | $ | 29,643,779 |  |  | $ | (6,162,684 | ) |  | $ | 23,481,095 |
As of September 30, 2025, the weighted-average amortization period for finite-lived intangible assets was 12.6 years. Amortization expense related to intangible assets was $569,342 and $567,297 for the three months ended September 30, 2025 and 2024, respectively, and $1,860,312 and $1,697,935 for the nine months ended September 30, 2025 and 2024, respectively. Intangible assets, net of accumulated amortization, for assets related to discontinued operations totaled $17,525,681 for December 31, 2024. Amortization expense related to intangible assets included in discontinued operations was $428,029 and $406,965 for the three months ended September 30, 2025 and 2024, respectively and $1,284,092 and $1,220,984 for the nine months ended September 30, 2025 and 2024, respectively. Intangible asset impairment charges related to THP discontinued operations were $18,327,414 for the three and nine months ended September 30, 2025 and zero for the three and nine months ended September 30, 2024. The estimated remaining amortization expense as of September 30, 2025 for finite-lived intangible assets is as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE
Remainder of 2025 |  | $ | 638,724 |
2026 |  |  | 2,548,593 |
2027 |  |  | 2,542,291 |
2028 |  |  | 2,542,291 |
2029 |  |  | 2,031,219 |
2030 |  |  | 1,520,148 |
Thereafter |  |  | 9,277,517 |
Total |  | $ | 21,100,783 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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