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Goodwill and Intangible Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets, Net [Abstract] |
Schedule of Intangible Assets, Net | The following table summarizes intangible assets, net:
|  | Useful Life |  | June 30, 2024 |  |  | December 31, 2023 |
Capitalized software development costs |  | 1-5 years |  | $ | 6,710,616 |  |  | $ | 5,011,519 |
Trademark and tradenames |  | 5 years |  |  | 1,700,000 |  |  |  | - |
Internally developed software |  | 3 years |  |  | 3,600,000 |  |  |  | - |
Merchant relationships |  | 5 years |  |  | 5,900,000 |  |  |  | - |
State operating licenses |  | Indefinite |  |  | 520,000 |  |  |  | - |
Purchased technology |  | 1-15 years |  |  | 247,489 |  |  |  | 247,489 |
Brand name |  | 10 years |  |  | 1,377,461 |  |  |  | 1,377,461 |
Total intangible assets |  |  |  |  | 20,055,566 |  |  |  | 6,636,469 |
Less: Accumulated amortization |  |  |  |  | (4,196,623 | ) |  |  | (3,079,440 | )
Total intangible assets, net |  |  |  | $ | 15,858,943 |  |  | $ | 3,557,029 |
Schedule of Estimated Future Amortization Expense | As of June 30, 2024, estimated future amortization expense is expected as follows:
Remainder of 2024 |  | $ | 1,821,195 |
2025 |  |  | 3,674,497 |
2026 |  |  | 3,674,497 |
2027 |  |  | 2,702,859 |
2028 |  |  | 2,443,255 |
Thereafter |  |  | 1,542,640 |
|  | $ | 15,858,943 |

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- 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
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