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Intangibles
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles

Note 4 – Intangibles

 

Intangibles consisted of the following:

 

           Estimated Useful
Type  December 31, 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   (4,280,558)   (3,627,050)   
Intangibles - net  $1,472,962   $2,126,470    

 

 

Amortization expense for the years ended December 31, 2024 and 2023 was as follows:

 

December 31, 2024   December 31, 2023 
$653,508   $653,507 

 

 

Estimated amortization expense for each of the succeeding years is as follows:

 

For the Years Ended December 31:    
2025   653,508 
2026   653,508 
2027   165,946 
Total  $1,472,962