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INTANGIBLE ASSETS, NET | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | 10. INTANGIBLE ASSETS, NET At March 31, 2025 and December 31, 2024, intangible assets consisted of:
Schedule of intangible asset |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  | March 31, 2025 |  |  | December 31, 2024 |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |
Customer list |  | 10 years |  | $ | 1,290,000 |  |  | $ | 1,290,000 |
Trade names |  | 12 years |  |  | 1,030,000 |  |  |  | 1,030,000 |
Developed technology |  | 7 years |  |  | - |  |  |  | 60,000 |
|  |  |  |  | 2,320,000 |  |  |  | 2,380,000 |
Accumulated amortization |  |  |  |  | (602,000 | ) |  |  | (536,000 | )
Total definite-lived intangible assets |  |  |  | $ | 1,718,000 |  |  | $ | 1,844,000 |
Certain of the Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite-lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives. Summary of amortization expense:
Schedule of amortization expense |  |  |  |  |  |
|  | For the Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Amortization expense |  | $ | 126,000 |  |  | $ | 54,000 |
As of March 31, 2025, intangible assets subject to amortization have an average remaining useful life of 6.6 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.
Schedule of estimated amortization expense |  |  |  |
2025 (remainder) |  | $ | 198,000 |
2026 |  |  | 264,000 |
2027 |  |  | 264,000 |
2028 |  |  | 264,000 |
2029 |  |  | 264,000 |
Thereafter |  |  | 464,000 |
|  | $ | 1,718,000 |

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