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Goodwill and Acquired Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Acquired Intangible Assets, Net

Schedule of net assets acquired

The following table represents the preliminary assets acquired and liabilities assumed on October 20, 2022:

​

​	​	​	​
Cash		$	132,233
Accounts Receivable	​	​	44,820
Goodwill	​	​	1,601,400
Other Intangible Assets	​	​	698,600
Accrued Expenses	​	​	(7,479)
Net Assets Acquired	​	$	2,469,574

Schedule of estimated fair value and annual amortization for each of the identifiable intangible assets acquired

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Estimated Fair

​

Amortization Period

​

Annual Amortization

​

Value

(Years)

Year 1

Year 2

Year 3

Year 4

Year 5

Tradename-Trademark

​

$

92,600

​

5

​

$

18,520

​

$

18,520

​

$

18,520

​

$

18,520

​

$

15,433

IP-Technology-License

​

415,400

​

5

​

83,080

​

83,080

​

83,080

​

83,080

​

69,233

Customer Base

​

153,400

​

5

​

30,680

​

30,680

​

30,680

​

30,680

​

25,567

Non-Competes

​

37,200

​

5

​

7,440

​

7,440

​

7,440

​

7,440

​

6,200

Total definite-lived intangible assets

​

$

698,600

​

​

​

$

139,720

​

$

139,720

​

$

139,720

​

$

139,720

​

$

116,433

Schedule of intangible assets and goodwill

​

​	​	​	​
December 31, 2021		$	-
Goodwill and Intangible Assets Acquired	​	​	2,300,000
Amortization Expense	​	​	(23,287)
December 31, 2022	​	​	2,276,713
Amortization Expense	​	​	(139,720)
Impairment Charge	​	​	(2,136,993)
December 31, 2023	​	$	-

​

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- References

No definition available.

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

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-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
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