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Intangible Assets
6 Months Ended
Jun. 30, 2025
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible Assets
Note 6: Intangible Assets
Intangible assets consisted of the following:
June 30, 2025December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer Relationships$35,000,000 $(8,951,110)$26,048,890 $35,000,000 $(7,784,444)$27,215,556 
Trade Name12,400,000 (9,450,000)2,950,000 12,400,000 (8,220,000)4,180,000 
Total intangible assets$47,400,000 $(18,401,110)$28,998,890 $47,400,000 $(16,004,444)$31,395,556 
Total amortization expense of $1,198,333 was recorded during each of the three months ended June 30, 2025 and 2024 and $2,396,666 was recorded during each of the six months ended June 30, 2025 and 2024. The Company continuously monitors for events and circumstances that could indicate that it is more likely than not that its finite lived intangible assets and other long-lived assets are impaired or not recoverable (a triggering event), requiring an interim impairment test. During the six months ended June 30, 2025, the Company considered a number of factors including, but not limited to, current macroeconomic conditions such as inflation, economic growth, and interest rate movements, industry and market considerations, and overall financial performance of the Company. Based on the analysis of relevant events and circumstances, the Company concluded a triggering event had not occurred as of June 30, 2025.