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Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Note 6 — Intangible Assets, Net The following table summarizes intangible assets, net:
|  | Useful Life |  | September 30, 2023 |  |  | December 31, 2022 |
Capitalized software development costs |  | 1-5 years |  | $ | 4,016,771 |  |  | $ | 2,177,053 |
Purchased technology |  | 1-15 years |  |  | 72,488 |  |  |  | 28,500 |
Brand name |  | 10 years |  |  | 1,377,461 |  |  |  | - |
Total intangible assets |  |  |  |  | 5,466,720 |  |  |  | 2,205,553 |
Less: Accumulated amortization |  |  |  |  | (2,934,657 | ) |  |  | (937,880 | )
Total intangible assets, net |  |  |  | $ | 2,532,063 |  |  | $ | 1,267,673 |
Amortization expenses were $716,469 and $202,723 for the three months ended September 30, 2023 and 2022, respectively and $1,996,777 and $475,872 for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023, estimated future amortization expense is expected as follows:
Remainder of 2023 |  | $ | 402,004 |
2024 |  |  | 322,127 |
2025 |  |  | 322,127 |
2026 |  |  | 322,127 |
2027 |  |  | 322,127 |
Thereafter |  |  | 841,551 |
|  | $ | 2,532,063 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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