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GOODWILL AND INTANGIBLES, NET (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF CHANGES IN CARRYING AMOUNT OF GOODWILL

The changes in the carrying amount of the Company’s goodwill were as follows:

 

 

   Total 
Balance as of December 31, 2022  $3,601,781 
Acquisitions   - 
Balance as of December 31, 2023   3,601,781 
Acquisitions   - 
Balance as of December 31, 2024  $3,601,781 
SCHEDULE OF CARRYING VALUE OF INTANGIBLE ASSETS

The carrying values of the Company’s intangible assets were as follows for the periods presented:

 

   December 31, 2024   December 31, 2023 
   Cost   Accumulated
Amortization
   Net   Cost   Accumulated
Amortization
   Net 
Amortizable Intangible Assets:                              
Patents and Other IP  $38,009,240   $(5,008,856)  $33,000,384   $38,570,549   $(3,181,186)  $35,389,363 
Customer relationships and other   7,948,299    (3,007,118)   4,941,181    7,947,332    (1,861,887)   6,085,445 
Product Licenses   4,793,879    (1,728,668)   3,065,211    4,793,879    (1,342,626)   3,451,253 
Total  $50,751,418   $(9,744,642)  $41,006,776   $51,311,760   $(6,385,699)  $44,926,061 
SCHEDULE OF FUTURE AMORTIZATION EXPENSE

 

      
2025  $3,894,221 
2026   3,876,965 
2027   3,763,113 
2028   3,722,054 
2029   3,722,054 
Thereafter   22,028,369 
Total  $41,006,776