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

4. Goodwill and Intangible Assets

 

Goodwill and intangible assets consist of the following:

 

Schedule of Goodwill and Intangible Assets

   December 31, 2025   December 31, 2024 
Goodwill  $20,007,670   $20,007,670 
           
Intangible Assets          
Customer relationships  $1,700,000   $1,700,000 
Trade name   2,400,000    2,400,000 
Developed technology   3,091,163    2,600,000 
Intangible assets, gross   7,191,163    6,700,000 
Accumulated amortization   (4,703,341)   (2,431,668)
Intangible assets, net  $2,487,822   $4,268,332 

 

On December 29, 2023, in relation to the acquisition of CardCash, the Company recorded goodwill of $20,007,670.

 

 

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 year ended December 31, 2025, in connection with the acquisition of Takeout7 (see Note 2), the Company recorded intangible assets of $491,163 and recorded an amortization expense of $2,271,673, leaving a remaining intangible asset balance of $2,487,822 at December 31, 2025.

 

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 

 

Estimated amortization expense for the Company is as follows:

 

     
2026  $2,255,884 
2027   163,720 
2028   68,218 
Total  $2,487,822