Company: AIBT
Filing Date: 2025-07-03
Form Type: 253G2
Source: 0001096906-25-001087
Chunk: 81

Company: AIBOTICS, INC.
Filing Date: 2025-07-03
Form: 253G2
Chunk 81
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 seller. The $2,000,000 is to be paid through the issuance of a new series of Preferred Stock. As of December 31, 2023, the consideration has not been issued to the seller and is recorded as shares to be issued on the consolidated balance sheet. The Company has analyzed the shares to be issued balance and determined that they are liabilities in accordance with ASC 480 – Distinguishing Liabilities from Equity. For the year ended December 31, 2024, the Company 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. The acquired intangible assets are being amortized over their estimated useful lives of 3 years. 46 Intangible assets as of December 31, 2024 and 2023, are as follows:

|                                | For the years ended December 31, |      2024 |   |   |      2023 |   |
|:-------------------------------|:---------------------------------|----------:|:--|:--|----------:|:--|
| Intellectual property          | $                                | 2,000,000 |   | $ | 2,000,000 |   |
| Less: accumulated amortization |                                  |  (728,102 | ) |   |   (60,219 | ) |
| Intangible assets, net         | $                                | 1,271,898 |   | $ | 1,939,781 |   |

Amortization expense from intangible assets was $667,883 and $60,219 for the year ended December 31, 2024 and 2023, respectively. Future amortization expense from intangible assets as of December 31, 2024, were as follows:

|                                      |     | For the Year Ended, |           |
|:-------------------------------------|:----|:--------------------|----------:|
|                                      |     | December 31,        |           |
| 2025                                 |     |                     |   666,058 |
| 2026                                 |     |                     |   605,839 |
| Thereafter                           |     |                     |         - |
| Total remaining amortization expense |     | $                   | 1,271,898 |

NOTE 5 – RELATED PARTY TRANSACTIONS Notes Payable – Related Parties On January 30, 2024, the Company signed an agreement with a major shareholder for a $165