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INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 7. INTANGIBLE ASSETS On April 25, 2025, the Company entered into a Stock Purchase Agreement with the shareholders of Boats and Buyers, Inc. (the “Acquiree”), pursuant to which the Company acquired 100% of the issued and outstanding shares of the Acquiree, including all related websites (including www.boatscollective.com) and intellectual property assets. The total consideration for the acquisition was $500,000, consisting of $150,000 in cash and 100,000 shares of the Company’s common stock valued at $3.50 per share. Refer to Note 19 for a discussion of a contingent repurchase obligation related to these shares. The transaction has been accounted for as an asset acquisition. As substantially all of the fair value of the gross assets acquired is concentrated in a group of similar identifiable assets—specifically, website and related intellectual property — the purchase price was allocated to intangible assets. As a result, an intangible asset of $500,000 was recognized. Intangible assets consisted of the following at each balance sheet date: SCHEDULE OF INTANGIBLE ASSETS
|  | Estimated Useful Life (years) |  | September 30, 2025 |
Website and intellectual property |  | 5 |  | $ | 500,000 |
Gross book value |  | 5 |  | $ | 500,000 |
Accumulated amortization |  |  |  |  | (43,889 | )
Net book value |  |  |  | $ | 456,111 |
Amortization of the intangible asset during the nine months ended September 30, 2025 and 2024, was $43,889 and nil respectively. The future amortization of the intangible asset is as follows: SCHEDULE OF FUTURE AMORTIZATION OF THE INTANGIBLE ASSET
Calendar Year |  | Amount |
2025 |  | $ | 24,444 |
2026 |  |  | 100,000 |
2027 |  |  | 100,000 |
2028 |  |  | 100,000 |
2029 |  |  | 100,000 |
2030 |  |  | 31,667 |
Total Intangible Asset Amortization |  | $ | 456,111 |

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