XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Intangible Assets [Abstract]  
Schedule of Components of Intangible Assets The components of intangible assets, all of which are finite lived, were as follows:
   December 31, 2023   December 31, 2022    
   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Useful
Life
                            
Patents  $117,810   $(43,153)  $74,657   $82,431   $(27,331)  $55,100   10
Patents in process   142,239    
-
    142,239    119,760    
-
    119,760  
N/A
Licenses   241,909    (89,859)   152,050    241,909    (65,665)   176,244   10
Software   211,411    (167,412)   43,999    161,284    (84,682)   76,602   3
Trademarks   3,230,000    (776,235)   2,453,765    3,230,000    (453,242)   2,776,758   10
FAA waiver   5,930,000    (1,425,101)   4,504,899    5,930,000    (832,113)   5,097,887   10
Developed technology   27,977,331    (5,632,170)   22,345,161    23,270,614    (2,752,353)   20,518,261   3 - 10
Non-compete agreements   840,000    (840,000)   
-
    840,000    (840,000)   
-
   1
Marketing-related assets   890,000    (82,540)   807,460    
-
    
-
    
-
   10
Customer relationships   1,010,000    (205,048)   804,952    60,000    (16,839)   43,161   5
   $40,590,700   $(9,261,518)  $31,329,182   $33,935,998   $(5,072,225)  $28,863,773    
Schedule of Estimated Amortization Expense Expected amortization expense for the next five years for the intangible costs currently being amortized is as follows:
Year Ending December 31,  Expected
Amortization		 
2024  $4,206,541 
2025   4,149,761 
2026   4,066,033 
2027   4,058,871 
2028   3,787,781 
Thereafter   11,060,195 
Total  $31,329,182