v3.26.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

 

The following table represents the balances of intangible assets as of December 31, 2025 and 2024;

 

 

 

Estimated life

 

December 31,

2025

 

 

December 31,

2024

 

Website Domains

 

Indefinite

 

$80,000

 

 

$297,323

 

Website Domains

 

4 years

 

 

449,927

 

 

 

497,500

 

Customer relationships

 

4-6 years

 

 

2,005,031

 

 

 

2,081,148

 

Trademarks and Tradenames

 

10 years

 

 

1,033,734

 

 

 

1,120,000

 

Non-compete agreements

 

3 years

 

 

239,814

 

 

 

252,500

 

 

 

 

 

 

3,808,506

 

 

 

4,248,471

 

Accumulated Amortization - Website domains

 

 

 

 

(250,321 )

 

 

(125,946 )

Accumulated Amortization - Customer Relationships

 

 

 

 

(1,497,569 )

 

 

(626,994 )

Accumulated Amortization - Trademarks / Tradenames

 

 

 

 

(193,833 )

 

 

(81,834 )

Accumulated Amortization - Non-Compete

 

 

 

 

(182,985 )

 

 

(90,486 )

Net Intangible

 

 

 

$1,683,798

 

 

$3,323,211

 

 

For the year ended December 31, 2025 and 2024, the Company recognized $1,199,449 and $906,737 respectively, of amortization expense related to intangible assets.

 

 
F-19

Table of Contents

 

The following is an amortization analysis of the annual amortization of intangible assets on a fiscal year basis as of December 31, 2025:

 

For the year ended December 31, schedule of annual expected amortization expense

 

Amount

 

 

 

 

 

2026

 

$593,155

 

2027

 

 

263,749

 

2028

 

 

205,461

 

2029

 

 

108,934

 

Thereafter

 

 

432,499

 

Total remaining intangibles amortization

 

$1,603,798

 

 

During the year ended December 31, 2025, the Company recognized impairment losses of $439,964 of intangible assets, which was comprised of $217,322 related to the All Things Dogs website domains and $222,642 related to the DDS Rank acquisition intangible assets. During the year ended December 31, 2024, the Company recognized impairment losses of $121,000 of intangible assets related to the website domain operating under Vital Reaction.