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

Note 6 - Intangible assets, net

 

A continuity schedule of intangible assets at December 31, 2025, and 2024 is as follows:

 

   December 
   Capitalized Software Development 
   2025   2024 
Cost          
Balance at January 1  $10,231,824   $7,044,658 
Additions   2,499,179    3,367,579 
Foreign exchange impact   825,073    (180,413)
Balance at December 31, 2025, 2024   13,556,076     10,231,824 
           
Accumulated Amortization          
Balance at January 1   4,063,291    2,420,479 
Additions   2,422,054    1,717,575 
Foreign exchange impact   340,577    (74,763)
Balance at December 31, 2025, 2024   6,825,922    4,063,291 
           
Net Book Value at December 31, 2025, 2024  $6,730,154   $6,168,534 

 

 

REDCLOUD HOLDINGS PLC

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025, AND 2024

 

Note 6 - Intangible assets, net (Continued)

 

The Company’s intangible assets consist of capitalized software development costs for its hosted ecommerce platform with related ongoing functionality and enhancements. The gross cost of the intangible assets is amortized over their estimated useful lives of five years, as the Company does not expect the assets to have significant residual value.

 

Amortization expense for the years ended December 31, 2025 and 2024 was $2,422,054 and $1,717,575 and was recorded in “Depreciation and amortization” caption on the consolidated statements of operations.

 

At December 31, 2025, the estimated aggregate amortization expense for each of the next five years is as follows:

 

    31 December 2025 
2026   2,692,062 
2027   2,422,854 
2028   1,292,190 
2029   258,438 
2030   64,609 
Total amortization expense   6,730,154