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Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Intangible Assets [Abstract] |
INTANGIBLE ASSETS | NOTE 6 — INTANGIBLE ASSETS The following is a summary of the Company’s intangible assets, net as of September 30, 2024, and December 31, 2023:
|  | Weighted Average Useful Life Remaining (in years) |  | September 30, 2024
Gross Carrying Amount |  | Accumulated Amortization |  | Total
Trade names |  | 0 |  | $ | 3,084,100 |  | $ | 3,084,100 |  | $ | —
Customer lists |  | 0 |  |  | 496,800 |  |  | 496,800 |  |  | —
Non-compete |  | 0 |  |  | 224,000 |  |  | 224,000 |  |  | —
|  |  |  | $ | 3,804,900 |  | $ | 3,804,900 |  | $ | —
|  | Weighted Average Useful Life Remaining (in years) |  | December 31, 2023
Gross Carrying Amount |  | Accumulated Amortization |  | Total
Trade names |  | 1.5 |  | $ | 3,084,100 |  | $ | 2,313,072 |  | $ | 771,028
Customer lists |  | 1 |  |  | 496,800 |  |  | 496,800 |  |  | —
Non-compete |  | 1 |  |  | 224,000 |  |  | 224,000 |  |  | —
|  |  |  | $ | 3,804,900 |  | $ | 3,033,872 |  | $ | 771,028
The Company periodically reviews the estimated useful lives of its identifiable intangible assets, taking into consideration any events or circumstances that might result in either a diminished fair value or revised useful life. Management has determined there have been no indicators of impairment or change in useful life for the three and nine months ended September 30, 2024, and 2023. Amortization expense relating to the Company’s intangible assets was $257,011 and $392,158 for the three months ended September 30, 2024, and 2023, respectively, and $771,028 and $1,041,325 for the nine months ended September 30, 2024, and 2023, respectively, which were included in depreciation and amortization expenses on the accompanying condensed consolidated statements of operations.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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