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Intangible assets, net
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets, net

 

6Intangible assets, net

 

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

 

   2025   2024 
   December 31, 
   2025   2024 
   US$   US$ 
         
Developed technologies   5,853,354    5,853,354 
Trade names and trademarks   7,043,640    7,043,640 
Total   12,896,994    12,896,994 
Less: accumulated amortization   (11,051,434)   (9,510,877)
Intangible assets, net   1,845,560    3,386,117 

 

Amortization expenses of US$Nil and US$1,540,557 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2025.

 

Amortization expenses of US$956,956 and US$1,614,741 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2024.

 

As of December 31, 2025, the estimated future amortization expense for each of the next five years and thereafter was as follows:

 

   Amortization 
    US$ 
For the year ending December 31,     
2026   1,540,557 
2027   305,003 
2028   — 
Thereafter   — 
Total   1,845,560 

 

 

CURRENC GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS