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

10. INTANGIBLE ASSETS, NET

 

Intangible assets, net consist of the following:

 

   September 30,   December 31, 
   2025   2024 
         
Trading rights of license plates  $128,489   $128,824 
System and software   627,983    628,131 
Subtotal   756,472    756,955 
Less: accumulated amortization   (266,759)   (224,133)
Total  $489,712   $532,822 

 

Amortization expense included in general and administration expenses for the nine months ended September 30, 2025 and 2024 was $42,776 and $42,776, respectively.

The estimated future amortization is as follows:

 

As of September 30,  Estimated
amortization
expense		 
From October 1, 2025 to September 30, 2026  $57,035 
From October 1, 2026 to September 30, 2027   57,035 
From October 1, 2027 to September 30, 2028   57,035 
From October 1, 2028 to September 30, 2029   57,035 
From October 1, 2029 to September 30, 2030   57,035 
Thereafter   76,047 
Total  $361,222 

 

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