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Intangible Assets
 6 Months Ended
Jun. 30, 2025
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

9. INTANGIBLE ASSETS

 

Intangible assets consist of the following:

 

   June 30,   December 31, 
   2025   2024 
         
Trading rights of license plates  $127,392   $128,824 
System and software   627,489    628,131 
Subtotal   754,881    756,955 
Less: accumulated depreciation and amortization   (252,008)   (224,133)
Total  $502,873   $532,822 

 

Amortization expense included in general and administration expenses for the six months ended June 30, 2025 and 2024 was $28,518 and $28,518, respectively. Amortization expense included in cost of sales for the six months ended June 30, 2025 and 2024 was $0 and $0, respectively.

 

The estimated amortization is as follows:

 

As of June 30,  Estimated
amortization
expense		 
From July 1, 2025 to June 30, 2026  $57,035 
From July 1, 2026 to June 30, 2027   57,035 
From July 1, 2027 to June 30, 2028   57,035 
From July 1, 2028 to June 30, 2029   57,035 
From July 1, 2029 to June 30, 2030   57,035 
Thereafter   90,306 
Total  $375,481 

 

Type 1 and Type 2 licenses by Hong Kong Securities and Futures Commission have no expiration date and do not require amortization, amount was $128,560 and $128,824.