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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE 4 – GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill balance related to the Cleared acquisition was $0 as of both March 31, 2023 and December 31, 2022. During the year ended December 31, 2022, the Company recorded an $8.0 million goodwill impairment charge related to a decline in the estimated fair value of Cleared as a result of a decline in the Cleared financial projections. As of March 31, 2023 and December 31, 2022, the Company has the following amounts related to amortizable intangible assets: SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS
|  | March 31, |  |  | December 31, |  |  | Amortizable |
|  | 2023 |  |  | 2022 |  |  | Life |
Amortizable Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |
ResumeBuild brand |  | $ | 4,500,000 |  |  | $ | 4,500,000 |  |  |  | 5 years |
Customer relationship asset |  |  | 1,006,840 |  |  |  | 1,006,840 |  |  |  | 3 years |
Cleared trade name |  |  | 133,339 |  |  |  | 133,339 |  |  |  | 5 years |
Cleared developed technology |  |  | 12,920 |  |  |  | 12,920 |  |  |  | 1 year |
Purchased licenses |  |  | 200,000 |  |  |  | 200,000 |  |  |  | 10 years |
Website domain name |  |  | 22,731 |  |  |  | 22,731 |  |  |  | 3 years |
Amortizable intangible assets |  |  | 22,731 |  |  |  | 22,731 |  |  |  | 3 years |
Less: accumulated amortization |  |  | (2,277,531 | ) |  |  | (2,043,971 | ) |  |  |  |
Total net amortizable intangible assets |  | $ | 3,598,299 |  |  | $ | 3,831,859 |  |  |  |  |
During the year ended December 31, 2022, the Company recorded an $827 thousand impairment charge related to a decline in the estimated fair value of the Cleared customer relationship intangible asset with an original cost of $919 thousand and accumulated amortization of $92 thousand. The aggregate amortization expense of the Company’s intangible assets for the three months ended March 31, 2023 and 2022 was $234 thousand and $114 thousand, respectively. Total amortization expense for the remainder of 2023 is approximately $700 thousand, 2024 through 2026 is approximately $930 thousand per year and for 2027 is approximately $113 thousand.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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