Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets [Abstract]  
Schedule of Finite-Lived Intangible Assets

September 30, 2025

Estimated Useful Life

Gross Carrying Amount

Accumulated Amortization

Impairment loss

Net

Tradenames & trademarks

8 years

$

17,900,000

$

(7,357,292)

$

—

$

10,542,708

Developed technology

4 years

2,400,000

(1,650,000)

(750,000)

—

$

20,300,000

$

(9,007,292)

$

(750,000)

$

10,542,708

December 31, 2024

Estimated Useful Life

Gross Carrying Amount

Accumulated Amortization

Impairment loss

Net

Tradenames & trademarks

8 years

$

17,900,000

$

(5,679,167)

$

—

$

12,220,833

Developed technology

4 years

2,400,000

(1,650,000)

(750,000)

—

$

20,300,000

$

(7,329,167)

$

(750,000)

$

12,220,833
Schedule of Estimated Future Amortization Expense

Quarter Ending and Year Ending December 31:

Q4 2025

$

559,375

2026

2,237,500

2027

2,237,500

2028

2,237,500

2029

2,237,500

Thereafter

1,033,333

Total

$

10,542,708