Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets [Abstract]  
Schedule of Finite-Lived Intangible Assets

March 31, 2026

Estimated Useful Life

Gross Carrying Amount

Accumulated Amortization

Impairment loss

Net

Tradenames & trademarks

8 years

$

17,900,000

$

(8,476,042)

$

—

$

9,423,958

Developed technology

4 years

2,400,000

(1,650,000)

(750,000)

—

$

20,300,000

$

(10,126,042)

$

(750,000)

$

9,423,958

December 31, 2025

Estimated Useful Life

Gross Carrying Amount

Accumulated Amortization

Impairment loss

Net

Tradenames & trademarks

8 years

$

17,900,000

$

(7,916,667)

$

—

$

9,983,333

Developed technology

4 years

2,400,000

(1,650,000)

(750,000)

—

$

20,300,000

$

(9,566,667)

$

(750,000)

$

9,983,333
Schedule of Estimated Future Amortization Expense

Quarter Ending and Year Ending December 31:

Q2 - Q4 2026

$

1,678,125

2027

2,237,500

2028

2,237,500

2029

2,237,500

2030

1,033,333

Total

$

9,423,958