v3.26.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025:

 

   June 30, 2026 
  

Gross

value

   Accumulated amortization  

Accumulated

impairment

  

Net carrying

value

 
Amortized intangible assets:                    
                     
Sponsorship agreement network   5,600,000    4,853,333    746,667    — 

Search engine optimization (SEO) content

   600,000    600,000    —    — 
Personal seat licenses   117,339    18,905    —    98,434 
Website enhancements   100,269    36,144    —    64,125 
                     
    6,417,608    5,508,382    746,667    162,559 
                     
Indefinite life intangible assets:                    
Goodwill   6,112,507    —    1,735,000    4,377,507 
Trade name and trademarks   900,000    —    560,000    340,000 
Patents and trademarks pending   1,260    —    —    1,260 
                     
Total  $13,431,375   $5,508,382   $3,041,667   $4,881,326 

 

   December 31, 2025 
  

Gross

value

   Accumulated amortization  

Accumulated

impairment

  

Net carrying

value

 
Amortized intangible assets:                    
Sponsorship agreement network   5,600,000    4,853,333    746,667    — 

Search engine optimization (SEO) content

   600,000    600,000    —    — 
Personal seat licenses   117,339    16,949    —    100,390 
Website enhancements   54,908    23,383    —    31,525 
                     
    6,372,247    5,493,665    746,667    131,915 
                     
Indefinite life intangible assets:                    
Goodwill   6,112,507    —    1,735,000    4,377,507 
Trade name and trademarks   900,000    —    560,000    340,000 
                     
Total  $13,384,754   $5,493,665   $3,041,667   $4,849,422 
SCHEDULE OF INTANGIBLE ASSETS USEFUL LIFE

 

Intangible Asset Useful Life    
Sponsorship agreement network   5 years
Search engine optimization (SEO) content   4 years
Personal seat licenses   30 years
Website enhancements   3 years
SCHEDULE OF ESTIMATED AMORTIZATION FOR INTANGIBLE ASSETS

 

Year ending December 31:    
2026  $18,667 
2027   27,278 
2028   23,783 
2029   8,086 
2030   3,912 
2031 and thereafter   80,833 
      
Total  $162,559