NOTE 6: INTANGIBLE ASSETS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| NOTE 6: INTANGIBLE ASSETS | NOTE 6: INTANGIBLE ASSETS
Intangible assets relate to the trademarks, licenses, intellectual property, proprietary wine formulations and customer relationships acquired in the J Street acquisition (July 1, 2025) and the Prestige acquisition (November 3, 2025). All intangible assets are definite-lived and amortized on a straight-line basis over their estimated useful lives of five years. The Company had no intangible assets as of December 31, 2024.
Intangible assets consisted of the following as of December 31, 2025:
Amortization expense for the years ended December 31, 2025 and 2024 was $12,925 and $0, respectively. The J Street intangible assets have been amortized for six months (July through December 2025) at $362.50 per month. The Prestige intangible assets have been amortized for approximately two months (November through December 2025) at $5,375 per month.
Estimated future amortization expense for intangible assets is as follows:
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