v3.24.3
Intangible Assets
 9 Months Ended
Sep. 30, 2024
Next NRG Holding Corp [Member]  
Restructuring Cost and Reserve [Line Items]  
Intangible Assets

Note 6 – Intangible Assets

 

The Company’s intangible assets were acquired in connection with the acquisition of STAT. See Note 1.

 

Intangibles consisted of the following at September 30, 2024 and December 31, 2023, respectively:

 

           Estimated Useful 
Classification  September 30, 2024   December 31, 2023   Lives (Years) 
             
License agreements  $4,900,000   $       -    15 
Tradenames/trademarks   600,000    -    5 
Less: accumulated amortization   (335,001)   -      
Intangibles - net  $5,164,999   $-      

 

Amortization expense for the three and nine months ended September 30, 2024 was $111,667 and $335,001, respectively.

 

Estimated amortization expense for each of the five (5) succeeding years and thereafter is as follows:

 

 

For the Years Ended December 31:    
     
2024 (3 Months)   111,667 
2025   446,668 
2026   446,668 
2027   446,668 
2028   446,668 
Thereafter   3,266,660 
Total  $5,164,999