| SCHEDULE OF INTANGIBLE ASSETS ESTIMATED USEFUL LIVES |
As of September 30, 2025 and December 31, 2024, intangible assets, net consist of the following:
|
|
|
|
|
|
|
|
|
|
|
September 30,
2025 |
|
|
December 31,
2024 |
|
Patent use right |
|
$ |
17,558,432 |
|
|
$ |
16,582,795 |
|
Trademarks |
|
|
1,306,923 |
|
|
|
1,237,820 |
|
Customer relationships |
|
|
203,681 |
|
|
|
192,911 |
|
Service agreement |
|
|
22,000,646 |
|
|
|
— |
|
Others |
|
|
109,402 |
|
|
|
159,321 |
|
Subtotal |
|
|
41,179,084 |
|
|
|
18,172,847 |
|
Less: accumulated amortization |
|
|
(2,512,660 |
) |
|
|
(2,072,849 |
) |
Less: accumulated impairment |
|
|
(15,363,628 |
) |
|
|
(14,509,946 |
) |
Intangible assets, net |
|
$ |
23,302,796 |
|
|
$ |
1,590,052 |
|
|
| SCHEDULE OF FUTURE AMORTIZATION EXPENSE OF INTANGIBLE ASSETS |
Estimated future amortization expense related to intangible assets as of September 30, 2025 is as follows:
|
|
|
|
|
Years ending December 31, |
|
Amortization
Expense |
|
Remaining of 2025 |
|
$ |
261,939 |
|
2026 |
|
|
1,047,753 |
|
2027 |
|
|
1,047,753 |
|
2028 |
|
|
967,377 |
|
2029 |
|
|
946,360 |
|
Thereafter |
|
|
19,031,614 |
|
Total |
|
$ |
23,302,796 |
|
|