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INTANGIBLE ASSETS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The Company’s intangible assets at June 30, 2023 and December 31, 2022 include the following:


DescriptionEstimated Economic LifeJune 30, 2023December 31, 2022
Developed technologies10 years$19,382,402 $19,382,402 
License agreements10 years510,752510,752 
Customer agreements1 year122,885122,885 
Distribution agreements8 years19,73319,733 
Trademarks10 years7,000 7,000 
Accumulated amortization(3,379,993)(2,379,091)
Intangible assets, net$16,662,779 $17,663,681 

Accumulated amortization as of June 30, 2023 and December 31, 2022 consisted of the following:
June 30, 2023December 31, 2022
Developed technologies$3,142,853 $2,172,594 
License agreements107,211 78,415 
Customer agreements122,885 122,884 
Distribution agreements5,994 4,497 
Trademarks1,050 701 
Accumulated amortization$3,379,993 $2,379,091 
Schedule of Future Minimum Amortization Expense
Future minimum amortization expense is as follows at June 30, 2023:

Remainder of 2023$996,750 
20241,993,499 
20251,993,499 
20261,993,499 
20271,993,499 
Thereafter7,692,033 
$16,662,779 
Schedule of Changes in Intangible Assets and Goodwill
Changes in the intangible assets and goodwill balances for the six-months ended June 30, 2023 and 2022, are presented below:

As of December 31, 2022AdditionsImpairmentAmortization
As of June 30, 2023
Intangible assets$20,042,772 $— $— $— $20,042,772 
Accumulated amortization(2,379,091)— — (1,000,902)(3,379,993)
Total intangible assets and goodwill$17,663,681 $— $— $(1,000,902)$16,662,779 

As of December 31, 2021AdditionsImpairmentAmortization
As of June 30, 2022
Intangible assets$23,514,259 $500,000 $(350,000)$— $23,664,259 
Accumulated amortization(338,958)— 11,965 (1,110,970)(1,437,963)
Goodwill12,788,671 — — — 12,788,671 
Total intangible assets and goodwill$35,963,972 $500,000 $(338,035)$(1,110,970)$35,014,967