Quarterly report [Sections 13 or 15(d)]

OTHER INTANGIBLE ASSETS

v3.25.3
OTHER INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 4. OTHER INTANGIBLE ASSETS

Other intangible assets, net consisted of the following at:

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Patents

 

$

13,507,338

 

 

$

13,507,338

 

Customer relationships

 

 

14,040,856

 

 

 

14,040,856

 

Trademarks

 

 

2,880,967

 

 

 

2,880,967

 

Intellectual property

 

 

2,012,545

 

 

 

2,000,000

 

Non-compete agreements

 

 

660,000

 

 

 

660,000

 

Software

 

 

2,876,369

 

 

 

2,137,847

 

Other intangible assets, gross

 

 

35,978,075

 

 

 

35,227,008

 

Less: accumulated amortization

 

 

(25,440,717

)

 

 

(23,783,255

)

Other intangible assets, net

 

$

10,537,358

 

 

$

11,443,753

 

For the three months ended September 30, 2025 and 2024, amortization expense related to other intangible assets was $552,487 and $489,852, respectively. For the nine months ended September 30, 2025 and 2024, amortization expense related to other intangible assets was $1,657,462 and $1,464,995, respectively.