Company: AIBT
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001096906-25-001895
Chunk: 19

Company: AIBOTICS, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 19
---
 issued 200,000 shares of Series B Preferred Stock to the seller as satisfaction of the intangible assets’ consideration in the amount of $4,400. No shares were issued during the three and nine months ending September 30, 2025. The acquired intangible assets are being amortized over their estimated useful lives of 3 years.
 
Intangible assets as of September 30, 2025 and December 31, 2024, are as follows:

September 30,
 
December 31,

2025
 
2024

Intellectual property
$
2,000,000 
 
$
2,000,000 

Less: accumulated amortization
 
(1,224,453)

(728,102)

Intangible assets, net
$
775,547 
 
$
1,271,898 

Amortization expense from intangible assets was $496,351 and $500,000 for the nine months ended September 30, 2025, and 2024. 
 
Future amortization expense from intangible assets as of September 30, 2025, were as follows:

For the Year Ended,

December 31,

Remainder of 2025
 
$
169,708

2026

605,839

Thereafter

-

Total remaining amortization expense
 
$
775,547

NOTE 5 – RELATED PARTY TRANSACTIONS
 
Notes Payable – Related Parties 
 
On January 30th, 2024, the Company signed an agreement with a major shareholder for a $165,000 note payable. The note accrues interest at a rate of 1.75% compounded annually and has a maturity date of January 30, 2025 (Note 6 – Promissory and Convertible Notes). The note had interest expense of $2,160 for the nine months ended September 30, 2025. As of September 30, 2025, the Company had recorded accrued interest of $4,818 related to the note within accrued interest on the Condensed Consolidated Balance Sheet.
 
Aibotics Consulting Agreement with the CEO
 
On November 17, 2021, Aibotics entered into an Executive Consulting Agreement (the “Aibotics Consulting Agreement”), with Benjamin Kaplan (“BK”) to serve as the Company’s CEO for an initial term of 36 months. As of September 30, 2025 and December 31, 2024, the Company had cash