v3.26.1
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2025
Intangible Assets, Net [Abstract]  
Intangible assets, net

Note 9 – Intangible assets, net

 

The following table presents the Company’s intangible assets as of the respective balance sheet dates:

 

   As of
December 31,		   As of
December 31,		 
   2025   2024 
Land use right  $2,590,130   $2,482,727 
License   4,097,440    3,804,294 
Software   2,841,214    4,877,089 
Patents   52,550    29,879,744 
Technology   1,282,497    1,905,520 
Long-term contract   5,347    4,964 
Total   10,869,178    42,954,338 
Accumulated amortization   (3,803,153)   (15,411,509)
Provision for impairment   (4,869,171)   (24,203,165)
Intangible assets, net  $2,196,854   $3,339,664 

Amortization expense for the years ended December 31, 2025, 2024 and 2023 amounted to US$184,818, US$155,559 and US$481,728, respectively. The Company recorded impairment charges on intangible assets of US$1,096,816, nil and US$3,708,247 for the years ended December 31, 2025, 2024 and 2023, respectively. The approximately US$1.1 million impairment charges recorded in the year ended December 31, 2025 were recorded against a technology and a long-term contract and approximately US$3.7 million impairment charges recorded in the year ended December 31, 2023 was recorded against a license, as the carrying amount of these assets were deemed not recoverable due to the assets’ economic obsolescence identified during the periods. The impairment losses were included in the general and administrative expenses in the consolidated statements of operations and comprehensive loss.

 

Estimated future amortization expense related to intangible assets held as of December 31, 2025:

 

Year    
2026  $62,313 
2027   62,313 
2028   60,562 
2029   51,803 
2030   51,803 
Thereafter   1,908,060 
Total  $2,196,854