v3.25.4

AMORTIZATION OF INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
AMORTIZATION OF INTANGIBLE ASSETS | NOTE 7 – AMORTIZATION OF INTANGIBLE ASSETS All of the Company’s current identified intangible assets were assumed upon consummation of the Empire acquisition on October 1, 2021. Identified intangible assets consisted of the following at the dates indicated below: SCHEDULE OF INTANGIBLE ASSETS
|  | June 30, 2025 |  |  | Remaining
|  | Gross carrying |  |  | Accumulated |  |  | Carrying |  |  | estimated
|  | amount |  |  | amortization |  |  | value |  |  | useful life
Intellectual Property |  | $ | 3,036,000 |  |  | $ | (2,277,000 | ) |  | $ | 759,000 |  |  | 1.5 years
Customer List |  |  | 2,239,000 |  |  |  | (839,625 | ) |  |  | 1,399,375 |  |  | 6.5 years
Licenses |  |  | 21,274,000 |  |  |  | (7,977,750 | ) |  |  | 13,296,250 |  |  | 6.5 years
Total intangible assets, net |  | $ | 26,549,000 |  |  | $ | (11,094,375 | ) |  | $ | 15,454,625 |  |  |
|  | December 31, 2024 |  |  | Remaining
|  | Gross carrying |  |  | Accumulated |  |  | Carrying |  |  | estimated
|  | amount |  |  | amortization |  |  | value |  |  | useful life
Intellectual Property |  | $ | 3,036,000 |  |  | $ | (1,973,400 | ) |  | $ | 1,062,600 |  |  | 2 years
Customer List |  |  | 2,239,000 |  |  |  | (727,675 | ) |  |  | 1,511,325 |  |  | 7 years
Licenses |  |  | 21,274,000 |  |  |  | (6,914,050 | ) |  |  | 14,359,950 |  |  | 7 years
Total intangible assets, net |  | $ | 26,549,000 |  |  | $ | (9,615,125 | ) |  | $ | 16,933,875 |  |  |
There were no intangible assets acquired during the three or six months ended June 30, 2025 and 2024. Amortization expense for intangible assets was $739,625 and $739,625 for the three months ended June 30, 2025 and 2024, respectively. Amortization expense for intangible assets was $1,479,250 and $1,479,250 for the six months ended June 30, 2025 and 2024, respectively. Total estimated amortization expense for our intangible assets for the years 2025 through 2028 is as follows: SCHEDULE OF AMORTIZATION EXPENSES FOR INTANGIBLE ASSETS
Year ended December 31, |  |  |
2025 (remaining) |  | $ | 1,479,250 |
2026 |  |  | 2,806,700 |
2027 |  |  | 2,351,300 |
2028 |  |  | 2,351,300 |
Thereafter |  |  | 6,466,075 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration