XML 131 R11.htm IDEA: XBRL DOCUMENT
v3.25.4

Goodwill and Intangible Assets | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2025 | Dec. 31, 2024
Goodwill and Intangible Assets [Abstract] |  |
Goodwill and Intangible Assets | 5. Goodwill and Intangible Assets The following table shows the changes in the carrying amount of goodwill for the period:
Goodwill as of December 31, 2023 |  |  | 8,147,590 |
Disposals |  |  | (125,508 | )
Goodwill as of December 31, 2024 |  |  | 8,022,082 |
Acquisitions |  |  | 1,066,181 |
Goodwill as of September 30, 2025 |  | $ | 9,088,263 |
There was no goodwill impairment recognized in the nine months ended September 30, 2025 and 2024. The following summarizes the Company’s intangible assets as of September 30, 2025 and December 31, 2024:
|  | September 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Client List |  | $ | 1,916,444 |  |  | $ | 1,916,444 |
Noncompete Agreement |  |  | 398,300 |  |  |  | 398,300 |
Trademark |  |  | 1,047,792 |  |  |  | 1,047,792 |
Other Intangible Assets |  |  | 45,836 |  |  |  | 45,836 |
Accumulated amortization |  |  | (2,233,273 | ) |  |  | (1,774,445 | )
|  | $ | 1,175,099 |  |  | $ | 1,633,927 |
Amortization expense was $151,346 and $196,782 for the three months ended September 30, 2025 and 2024, respectively, and $458,828 and $624,396 for the nine months ended September 30, 2025 and 2024, respectively. Expected future amortization expense of intangible assets as of September 30, 2025, is as follows:
Remainder of 2025 |  | $ | 149,198 |
2026 |  |  | 575,259 |
2027 |  |  | 368,079 |
2028 |  |  | 82,563 |
2029 |  |  | - |
2030 |  |  | - |
|  | $ | 1,175,099 |
5. | Goodwill and Intangible Assets
The following table shows the changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023:
Goodwill as of December 31, 2022 |  | $ | 7,614,553 |
Acquisitions |  |  | 533,037 |
Goodwill as of December 31, 2023 |  |  | 8,147,590 |
Disposals |  |  | (125,508 | )
Goodwill as of December 31, 2024 |  | $ | 8,022,082 |
There was no goodwill impairment recognized in the years ended December 31, 2024 and 2023. The following summarizes the Company’s intangibles assets not including goodwill as of December 31, 2024 and 2023:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |
Client List |  | $ | 1,916,444 |  |  | $ | 2,071,000 |
Noncompete Agreement |  |  | 398,300 |  |  |  | 398,300 |
Trademark |  |  | 1,047,792 |  |  |  | 1,117,200 |
Other Intangible Assets |  |  | 45,836 |  |  |  | 45,836 |
Accumulated amortization |  |  | (1,774,445 | ) |  |  | (1,119,308 | )
|  | $ | 1,633,927 |  |  | $ | 2,513,028 |
Amortization expenses were $778,343 and $749,062 for the years ended December 31, 2024 and 2023, respectively. Expected future amortization expense of intangible assets as of December 31, 2024 is as follows:
2025 |  | $ | 608,025 |
2026 |  |  | 575,259 |
2027 |  |  | 368,079 |
2028 |  |  | 82,564 |
2029 |  |  | - |
|  | $ | 1,633,927 |

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 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration