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INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

NOTE 7 — INTANGIBLE ASSETS

Intangible assets consist of the following:

	June 30,			December 31,
	2023			2022
Consumer
Domain names	$	41,352		$	41,352
Point of sale system		330,000			330,000
		371,352			371,352
Less: accumulated amortization		(358,252	)		(335,502	)

Subtotal		13,100			35,850

Commercial
Trademarks (1)		1,483,000			1,483,000
Customer Contracts (1)		1,873,000			1,873,000
Trademarks/Tradenames (2)		114,000			114,000
Customer Relationships (2)		345,000			345,000
Trademarks/Tradenames (3)		1,272,000			1,272,000
Customer Relationships (3)		1,464,000			1,464,000
		6,551,000			6,551,000
Less: accumulated amortization		(1,920,854	)		(1,593,305	)

Subtotal		4,630,146			4,957,695

	$	4,643,246		$	4,993,545

(1) Intangibles relate to the Echo Transaction on May 20, 2019.

(2) Intangibles relate to the CExchange Transaction on June 9, 2021.

(3) Intangibles relate to the Avail Transaction on October 29, 2021.

The following table outlines the estimated future amortization expense related to intangible assets held as of June 30, 2023:

	Consumer		Commercial		Total

2023 (excluding the six months ending June 30, 2023)		7,600		327,550		335,150
2024		5,500		655,100		660,600
2025		-		655,100		655,100
2026		-		655,100		655,100
2027		-		655,100		655,100
Thereafter		-		1,682,196		1,682,196

	$	13,100	$	4,630,146	$	4,643,246