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Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 5. Goodwill and Intangible Assets Goodwill and intangible assets consist of the following: Schedule of Other Intangible Assets
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Successor |
|  | December 31, 2024 |  |  | December 31, 2023 |
Goodwill |  | $ | 20,007,669 |  |  | $ | 20,007,669 |
Schedule of Goodwill and Intangible Assets
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Successor |
|  | December 31, 2024 |  |  | December 31, 2023 |
Intangible Assets |  |  |  |  |  |  |  |
Customer relationships |  | $ | 1,700,000 |  |  | $ | 1,700,000 |
Trade name |  |  | 2,400,000 |  |  |  | 2,400,000 |
Developed technology |  |  | 2,600,000 |  |  |  | 2,600,000 |
Intangible assets, gross |  |  | 6,700,000 |  |  |  | 6,700,000 |
Accumulated amortization |  |  | (2,431,668 | ) |  |  | - |
Intangible assets, net |  | $ | 4,268,332 |  |  | $ | 6,700,000 |
On December 29, 2023, in relation to the acquisition of CardCash (See Note 3), the Company recorded goodwill of $20,007,669. On December 29, 2023, in relation to the acquisition of CardCash (See Note 3), the Company recorded intangible assets of $6,700,000. During the twelve months ended December 31, 2024, the Company recorded an amortization expense of $2,431,668, leaving a remaining intangible asset balance of $4,268,332 at December 31, 2024. During the period January 1, 2023 to December 29, 2023, CardCash (Predecessor) recorded amortization expense of $300,000, and at December 29, 2023, determined its Intangible Assets were impaired and recorded an impairment charge of $250,000. Identifiable intangibles are amortized over their estimated remaining useful lives, which are as follows: Schedule of Identifiable Intangibles Assets Estimated Remaining Useful Lives
Description |  | Weighted Average Useful Life (in years)
Customer relationships |  | 3
Trademarks, trade names and service marks |  | 3
Developed technology |  | 3
Remaining useful lives |  | 3
Amortization expense on intangible assets was as follows: Schedule of Amortization Expense on Intangible Assets
|  | Year Ended December 31, 2024 |  |  | December 30 to December 31, 2023 |  |  | January 1, 2023 to December 29, 2023 |
|  | Successor |  |  | Predecessor |
|  | Year Ended December 31, 2024 |  |  | December 30 to December 31, 2023 |  |  | January 1, 2023 to December 29, 2023 |
Amortization expense |  | $ | 2,431,668 |  |  | $ | - |  |  | $ | 300,000 |
Estimated amortization expense for the Company is as follows: Schedule of Estimated Amortization Expense
2025 |  | $ | 2,134,166 |
2026 |  |  | 2,134,166 |
Total |  | $ | 4,268,332 |

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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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