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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the net carrying amount of goodwill for the six months ended June 30, 2024 are as follows:
Balance as of December 31, 2023 | $ | 806,844 |
Foreign currency translation | (643) |
Balance as of June 30, 2024 | $ | 806,201 |
Schedule of Finite-Lived Intangible Assets | Other intangible assets consist of the following:
| June 30, 2024 |  | December 31, 2023
| Weighted Average Amortization Period (Years) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Intangible assets with definite lives: | 22 |  |  |  |  |  |  |
Customer and distributor relationships | 24 | $ | 369,840 |  |  | $ | (196,752) |  |  | $ | 369,930 |  |  | $ | (188,486) |
Sales representation, marketing and promotional rights | 25 | 149,376 |  |  | (75,000) |  |  | 149,376 |  |  | (72,000) |
Developed technology | 18 | 320,204 |  |  | (49,685) |  |  | 320,204 |  |  | (44,558) |
Patents and other intangible assets | 16 | 83,644 |  |  | (54,927) |  |  | 82,594 |  |  | (54,120) |
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |
Trademarks and tradenames |  | 86,544 |  |  | — |  |  | 86,544 |  |  | — |
|  | $ | 1,009,608 |  |  | $ | (376,364) |  |  | $ | 1,008,648 |  |  | $ | (359,164) |
Schedule of Indefinite-Lived Intangible Assets | Other intangible assets consist of the following:
| June 30, 2024 |  | December 31, 2023
| Weighted Average Amortization Period (Years) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Intangible assets with definite lives: | 22 |  |  |  |  |  |  |
Customer and distributor relationships | 24 | $ | 369,840 |  |  | $ | (196,752) |  |  | $ | 369,930 |  |  | $ | (188,486) |
Sales representation, marketing and promotional rights | 25 | 149,376 |  |  | (75,000) |  |  | 149,376 |  |  | (72,000) |
Developed technology | 18 | 320,204 |  |  | (49,685) |  |  | 320,204 |  |  | (44,558) |
Patents and other intangible assets | 16 | 83,644 |  |  | (54,927) |  |  | 82,594 |  |  | (54,120) |
Intangible assets with indefinite lives: |  |  |  |  |  |  |  |
Trademarks and tradenames |  | 86,544 |  |  | — |  |  | 86,544 |  |  | — |
|  | $ | 1,009,608 |  |  | $ | (376,364) |  |  | $ | 1,008,648 |  |  | $ | (359,164) |
Schedule of Estimated Amortization Expense | The estimated intangible asset amortization expense remaining for the year ending December 31, 2024 and for each of the five succeeding years is as follows:
| Amortization included in expense |  | Amortization recorded as a reduction of revenue |  | Total
Remaining, 2024 | $ | 14,475 |  |  | $ | 3,000 |  |  | $ | 17,475 |
2025 | 29,381 |  |  | 6,000 |  |  | 35,381 |
2026 | 29,476 |  |  | 6,000 |  |  | 35,476 |
2027 | 30,534 |  |  | 6,000 |  |  | 36,534 |
2028 | 33,662 |  |  | 6,000 |  |  | 39,662 |
2029 | 32,877 |  |  | 6,000 |  |  | 38,877 |

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