INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2025

NOTE 4 — INTANGIBLE ASSETS

Intangible assets as of June 30, 2025 and December 31, 2024 consisted of the following:

	June 30,			December 31,
	2025			2024
Developed technology	$	64,194		$	64,194
Customer relationships		90,776			-
		154,970			64,194
Less: Accumulated amortization		(8,321	)		-
	$	146,649		$	64,194

See Note 9 for further detail on the customer relationships acquired pursuant to the Bateau acquisition in January 2025.

In connection with the Fyniti acquisition, the Company identified intangible assets of $64,194 pertaining to developed technology of the Fyniti platform. The developed technology will be amortized over an estimated useful life of 3 years when placed in service, which is expected in third quarter of 2025.

During the three and six months ended June 30, 2025, the Company recorded amortization expense of $4,539 and $8,321, respectively.

The estimated future amortization expense for the next five years and thereafter is as follows:

Year ending December 31,
2025	$	9,835
2026		18,155
2027		18,155
2028		18,155
Thereafter		18,155
Total	$	82,455

Fyntechnical Innovations Inc 10-Q