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Intangible Assets | 6 Months Ended | 12 Months Ended
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Jun. 30, 2024 | Dec. 31, 2023
Intangible Assets [Abstract] |  |
INTANGIBLE ASSETS | NOTE 6 — INTANGIBLE ASSETS Intangible assets consisted of the following:
June 30, 2024 |  | Gross Amount |  | Accumulated Amortization |  | Net Balance |  | Weighted Average Remaining Useful Life
Licenses |  | $ | 1,185,633 |  | $ | 733,143 |  | $ | 452,490 |  | 5.67
December 31, 2023 |  | Gross Amount |  | Accumulated Amortization |  | Net Balance |  | Weighted Average Remaining Useful Life
Licenses |  | $ | 1,235,633 |  | $ | 703,623 |  | $ | 532,010 |  | 6.61
Amortization expense for the three months ended June 30, 2024 and 2023, was $19,760 and 20,594, respectively. Amortization expense for the six months ended June 30, 2024, and 2023, was $40,354 and $41,188, respectively. During the six months ended June 30, 2024, and 2023, the Company reported an impairment of intangible assets of $39,166 and $nil, respectively, from the impairment of one license. The following table outlines the estimated future annual amortization expense related to intangible assets as of June 30, 2024:
Year Ending December 31, |  |
2024 |  | $ | 39,522
2025 |  |  | 79,042
2026 |  |  | 79,042
2027 |  |  | 79,042
2028 |  |  | 79,042
Thereafter |  |  | 96,800
Total |  | $ | 452,490
| NOTE 6 — INTANGIBLE ASSETS Intangible assets consisted of the following:
December 31, 2023 |  | Gross Amount |  | Accumulated Amortization |  | Net Balance |  | Weighted Average Remaining Useful Life
Licenses |  | $ | 1,235,633 |  | $ | 703,623 |  | $ | 532,010 |  | 6.61
December 31, 2022 |  | Gross Amount |  | Accumulated Amortization |  | Net Balance |  | Weighted Average Remaining Useful Life
Licenses |  | $ | 1,235,633 |  | $ | 621,247 |  | $ | 614,386 |  | 7.58
Amortization expense for the years ended December 31, 2023, and 2022 was $82,376 and $82,376, respectively. The following table outlines the estimated future annual amortization expense related to intangible assets as of December 31, 2023:
Years ended December 31, |  |  |
2024 |  | $ | 82,376
2025 |  |  | 82,376
2026 |  |  | 82,376
2027 |  |  | 82,376
2028 |  |  | 82,376
Thereafter |  |  | 120,130
Total |  | $ | 532,010

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