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Intangible Assets
 9 Months Ended
Sep. 30, 2023
Intangible Assets [Abstract]  
Intangible Assets
8.Intangible Assets

 

   September 30, 2023 
   Gross
Carrying
Amount		   Accumulated
Amortization		  

Net

Carrying

Amount

 
Intellectual property  $461,663   $(93,522)  $368,141 
Domain name   500,448    (77,678)   422,770 
Brand   1,284,000    (248,269)   1,035,731 
Technology   9,233,000    (1,152,251)   8,080,749 
Internal-use software   1,066,648    (159,653)   906,995 
   $12,545,759   $(1,731,373)  $10,814,386 

 

   December 31, 2022 
   Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		 
Intellectual property  $123,143   $(71,019)  $52,124 
Domain name   500,448    (52,656)   447,792 
Brand   1,284,000    (151,969)   1,132,031 
Technology   1,475,000    (349,151)   1,125,849 
Internal-use software   494,769    (41,260)   453,509 
   $3,877,360   $(666,055)  $3,211,305 

 

Amortization expense related to intangible assets for the three and nine months ended September 30, 2023 was $559,682 and $1,065,319, respectively (three and nine months ended September 30, 2022 - $114,491 and $342,574).

 

For intangible assets held as of September 30, 2023, estimated future amortization expense is as follows:

 

2023  $562,924 
2024   2,266,765 
2025   2,244,261 
2026   2,190,110 
2027   1,908,001 
Thereafter   1,642,325 
   $10,814,386