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INTANGIBLE ASSETS, NET (Tables) | 9 Months Ended
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Sep. 30, 2024
INTANGIBLE ASSETS, NET |
Schedule of intangible assets, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Adjusted
​ | ​ | September 30, | ​ | December 31, | ​ | ​ | ​ | ​ | December 31,
​ |  | 2024 |  | 2023 |  | Reclassification |  | 2023
Consumer |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Technology | ​ | $ | 409,896 | ​ | $ | 371,352 | ​ | $ | — | ​ | $ | 371,352
Customer lists | ​ | ​ | 13,000 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Assets under development (2) | ​ |  | 7,551 | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ |  | 430,447 | ​ |  | 371,352 | ​ |  | — | ​ |  | 371,352
Less: accumulated amortization | ​ |  | (377,562) | ​ |  | (365,852) | ​ |  | — | ​ |  | (365,852)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 52,885 | ​ |  | 5,500 | ​ |  | — | ​ |  | 5,500
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Trademarks/tradenames | ​ |  | 2,869,000 | ​ |  | 2,869,000 | ​ |  | — | ​ |  | 2,869,000
Customer contracts | ​ |  | 1,873,000 | ​ |  | 1,873,000 | ​ |  | — | ​ |  | 1,873,000
Customer relationships | ​ |  | 1,809,000 | ​ |  | 1,809,000 | ​ |  | — | ​ |  | 1,809,000
​ | ​ |  | 6,551,000 | ​ |  | 6,551,000 | ​ |  | — | ​ |  | 6,551,000
Less: accumulated amortization | ​ |  | (2,720,491) | ​ |  | (2,248,405) | ​ |  | — | ​ |  | (2,248,405)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 3,830,509 | ​ |  | 4,302,595 | ​ |  | — | ​ |  | 4,302,595
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Corporate | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Technology | ​ |  | 439,473 | ​ |  | — | ​ |  | ​ | ​ |  | —
Assets under development (1)(2) | ​ |  | 22,700 | ​ |  | — | ​ |  | 191,075 | ​ |  | 191,075
​ | ​ |  | 462,173 | ​ |  | — | ​ |  | 191,075 | ​ |  | 191,075
Less: accumulated amortization | ​ |  | (62,009) | ​ |  | — | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sub-total | ​ |  | 400,164 | ​ |  | — | ​ |  | 191,075 | ​ |  | 191,075
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 4,283,558 | ​ | $ | 4,308,095 | ​ | $ | 191,075 | ​ | $ | 4,499,170
(1) | The reclassification related to the initial development of our enterprise resource planning system, which was placed into service in the first quarter of Fiscal 2024.
(2) | As of September 30, 2024, these intangible assets are under development and have not yet been placed into service and are not yet amortizable.
Schedule of estimated future amortization expense | The following table depicts the Company’s estimated future amortization expense related to intangible assets as of September 30, 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Consumer |  | Commercial |  | Corporate |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024 |  | ​ | 3,606 |  | ​ | 157,362 |  | ​ | 22,204 |  | ​ | 183,172
2025 |  | ​ | 8,928 |  | ​ | 629,448 |  | ​ | 88,815 |  | ​ | 727,191
2026 |  | ​ | 8,928 |  | ​ | 629,448 |  | ​ | 88,815 |  | ​ | 727,191
2027 |  | ​ | 8,928 |  | ​ | 629,448 |  | ​ | 88,815 |  | ​ | 727,191
2028 |  | ​ | 8,050 |  | ​ | 629,448 |  | ​ | 88,815 |  | ​ | 726,313
Thereafter |  | ​ | 6,894 |  | ​ | 1,155,355 |  | ​ | — |  | ​ | 1,162,249
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 45,334 | ​ | $ | 3,830,509 | ​ | $ | 377,464 | ​ | $ | 4,253,307
​

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