XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.3

Intangibles (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following as of September 30, 2024 and December 31, 2023:

			September 30, 2024
			Estimated Useful Life (Years)						Gross Carrying Amount						Additions						Accumulated Amortization						Net Carrying Amount
Computer software			5 years						$	247,828					$	—					$	(241,191)					$	6,637
Operating licenses			Indefinite						9,399,004						—						—						9,399,004
Internally developed software			4-5 years						10,078,087						2,109,239						(11,264,266)						923,060
Material contracts			Indefinite						62,550						—						—						62,550
Customer relationships			8-9 years						28,337,524						112,260						(5,745,054)						22,704,730
Trademark			8-15 years						427,531						(2,942)						(94,029)						330,560
Non-compete agreements			5 years						100,000						—						(30,000)						70,000
Trade credits			5 years						1,500,000						—						—						1,500,000
									$	50,152,524					$	2,218,557					$	(17,374,540)					$	34,996,541

			December 31, 2023
			Estimated Useful Life (Years)						Gross Carrying Amount						Additions						Accumulated Amortization						Net Carrying Amount
Computer software			5 years						$	247,828					$	—					$	(235,967)					$	11,861
Operating licenses			Indefinite						8,799,004						600,000						—						9,399,004
Internally developed software			4-5 years						8,284,058						1,794,029						(8,821,563)						1,256,524
Material contracts			Indefinite						62,550						—						—						62,550
Customer relationships			8-9 years						12,397,954						15,939,570						(3,334,925)						25,002,599
Trademark			8-15 years						389,469						38,062						(62,141)						365,390
Non-compete agreements			5 years						—						100,000						(15,000)						85,000
Trade credits			5 years						—						1,500,000						—						1,500,000
									$	30,180,863					$	19,971,661					$	(12,469,596)					$	37,682,928

Schedule of Indefinite-Lived Intangible Assets

Intangible assets consisted of the following as of September 30, 2024 and December 31, 2023:

			September 30, 2024
			Estimated Useful Life (Years)						Gross Carrying Amount						Additions						Accumulated Amortization						Net Carrying Amount
Computer software			5 years						$	247,828					$	—					$	(241,191)					$	6,637
Operating licenses			Indefinite						9,399,004						—						—						9,399,004
Internally developed software			4-5 years						10,078,087						2,109,239						(11,264,266)						923,060
Material contracts			Indefinite						62,550						—						—						62,550
Customer relationships			8-9 years						28,337,524						112,260						(5,745,054)						22,704,730
Trademark			8-15 years						427,531						(2,942)						(94,029)						330,560
Non-compete agreements			5 years						100,000						—						(30,000)						70,000
Trade credits			5 years						1,500,000						—						—						1,500,000
									$	50,152,524					$	2,218,557					$	(17,374,540)					$	34,996,541

			December 31, 2023
			Estimated Useful Life (Years)						Gross Carrying Amount						Additions						Accumulated Amortization						Net Carrying Amount
Computer software			5 years						$	247,828					$	—					$	(235,967)					$	11,861
Operating licenses			Indefinite						8,799,004						600,000						—						9,399,004
Internally developed software			4-5 years						8,284,058						1,794,029						(8,821,563)						1,256,524
Material contracts			Indefinite						62,550						—						—						62,550
Customer relationships			8-9 years						12,397,954						15,939,570						(3,334,925)						25,002,599
Trademark			8-15 years						389,469						38,062						(62,141)						365,390
Non-compete agreements			5 years						—						100,000						(15,000)						85,000
Trade credits			5 years						—						1,500,000						—						1,500,000
									$	30,180,863					$	19,971,661					$	(12,469,596)					$	37,682,928

Schedule of Amortization Expense for the Next Five Years in Aggregate

Future amortization expense at September 30, 2024 for the next five years and in the aggregate are as follows:

			Amortization Expense
2024, remaining			$	1,003,942
2025			3,838,416
2026			3,334,528
2027			3,315,044
2028			3,288,838
Thereafter			9,254,219
Total			$	24,034,987

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration