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Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net Other Than Goodwill

As of December 31, 2023, intangible assets, net, other than goodwill, consist of following:

  

Name  Estimated Life (Years)   Balance as of December 31, 2022  

 

 

Additions

   Amortization   Impairment  

Balance as

of December 31, 2023

 
Intellectual property/technology   5-7   $4,473,861   $   $(808,968)  $(3,058,539)  $606,354 
Customer base   3-10    2,885,657        (1,137,663)   (748,220)   999,774 
Tradenames and trademarks   5-10    1,757,891        (207,944)   (1,122,942)   427,005 
Non-compete agreement       335,933        (335,933)        
Platform development costs       1,332,516    357,724    (720,634)   (969,606)    
Internal use software costs   3    721,795    203,889    (343,536)       582,148 
Total intangible assets, net       $11,507,653   $561,613   $(3,554,678)  $(5,899,307)  $2,615,281 
As of December 31, 2022, intangible assets, net, other than goodwill, consist of the following:

 

Name   Estimated Life (Years)     Balance as of December 31, 2021     Additions     Amortization     Balance as of December 31, 2022  
Intellectual property/technology   5-7     $ 5,427,294     $     $ (953,433 )   $ 4,473,861  
Customer base   3-10       4,047,319             (1,161,662 )     2,885,657  
Trade names and trademarks   5-10       1,985,236             (227,345 )     1,757,891  
Non-compete agreement   2-4       831,501             (495,568 )     335,933  
Platform development costs     3       995,880       817,029       (480,393 )     1,332,516  
Internal use software costs     3       278,264       618,061       (174,530 )     721,795  
Total intangible assets, net           $ 13,565,494     $ 1,435,090     $ (3,492,931 )   $ 11,507,653  
 
Schedule of Gross Carrying Intangible Assets

As of December 31, 2023, the gross carrying intangible assets, accumulated amortization, impairments, and net book value, consist of following:

Name  Weighted Average Estimated Used Life (Years)   Gross Carrying Amount    Accumulated Amortization   Impairment    Net Book
Value as of
December 31, 2023
 
 
Intellectual property/technology   4.25   $5,671,026   $(2,006,133)  $(3,058,539)  $606,354 
Customer base   7.17    4,411,499    (2,663,505)   (748,220)   999,774 
Tradenames and trademarks   7.17    2,082,338    (532,391)   (1,122,942)   427,005 
Non-compete agreement       901,198    (901,198)        
Platform development costs       2,345,459    (1,375,853)   (969,606)    
Internal use software costs   2.34    1,100,212    (518,064)       582,148 
Total intangible assets, net   3.42   $16,511,732   $(7,997,144)  $(5,899,307)  $2,615,281 

 

As of December 31, 2022, the gross carrying intangible assets, accumulated amortization, impairments, and net book value, consist of following:

 

Name  Weighted Average Estimated Used Life (Years)   Gross Carrying Amount   Accumulated Amortization   Impairment   Net Book
Value as of
December 31, 2022
 
Intellectual property/technology   5.99   $5,671,026   $(1,197,165)  $   $4,473,861 
Customer base   8.17    4,411,499    (1,525,842)        2,885,657 
Tradenames and trademarks   8.17    2,082,338    (324,447)       1,757,891 
Non-compete agreement   0.68    901,198    (565,265)       335,933 
Platform development costs   2.97    1,987,735    (655,219)       1,332,516 
Internal use software costs   2.97    896,325    (174,530)        721,795 
Total intangible assets, net   4.75   $15,950,121   $(4,442,468)  $   $11,507,653 

 
Schedule of Intangible Assets Future Amortization Expenses

For the following years ending, the future amortization expenses consist of the following:

 

   2024   2025   2026   2027   2028   Thereafter   Total 
   For the Years Ending December 31, 
   2024   2025   2026   2027   2028   Thereafter   Total 
Intellectual property/ technology  $148,495   $148,495   $148,495   $148,495   $12,374   $   $606,354 
Customer base   141,145    141,145    141,145    141,145    141,145    294,049    999,774 
Trade names and trademarks   60,283    60,286    60,283    60,283    60,283    125,587    427,005 
Internal use software costs   366,984    191,249    23,915                582,148 
Total Intangible Assets, Net  $716,907   $541,175   $373,838   $349,923   $213,802   $419,636   $2,615,281