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Intangibles | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangibles | Note 4 – Intangibles Intangibles consisted of the following: Schedule of Intangible Assets
|  |  |  |  |  |  |  | Estimated Useful
Type |  | September 30, 2024 |  |  | December 31, 2023 |  |  | Lives (Years)
Proprietary Software |  | $ | 4,286,402 |  |  | $ | 4,286,402 |  |  | 7
Tradenames/trademarks |  |  | 617,474 |  |  |  | 617,474 |  |  | 15
ECS membership agreement |  |  | 465,000 |  |  |  | 465,000 |  |  | 1
Noncompetition agreement |  |  | 201,389 |  |  |  | 201,389 |  |  | 2
Customer Relationships |  |  | 183,255 |  |  |  | 183,255 |  |  | 5
Intangibles - gross |  |  | 5,753,520 |  |  |  | 5,753,520 |  |  |
Less: accumulated amortization |  |  | (4,117,181 | ) |  |  | (3,627,050 | ) |  |
Intangibles - net |  | $ | 1,636,339 |  |  | $ | 2,126,470 |  |  |
Amortization expense for the three months ended September 30, 2024 and 2023 was $163,377, respectively. Amortization expense for the nine months ended September 30, 2024 and 2023 was $490,131, respectively. Estimated amortization expense for each of the succeeding years is as follows: Schedule of Estimated Amortization Expenses
For the Years Ended December 31: |  |  |
2024 (3 Months) |  |  | 163,377 |
2025 |  |  | 653,507 |
2026 |  |  | 653,507 |
2027 |  |  | 165,948 |
Total |  | $ | 1,636,339 |
SURGEPAYS, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2024

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