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Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | 5. Intangible Assets At September 30, 2023, intangible assets consisted of the following: Schedule of Intangible Assets
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 297,000 |  |  | $ | (69,343 | ) |  | $ | 227,657 |
Proprietary technology |  | 10 years |  |  | 861,000 |  |  |  | (129,150 | ) |  |  | 731,850 |
Customer relationships |  | 5-15 years |  |  | 4,091,000 |  |  |  | (1,013,592 | ) |  |  | 3,077,408 |
|  |  |  | $ | 5,249,000 |  |  | $ | (1,212,085 | ) |  | $ | 4,036,915 |
At December 31, 2022, intangible assets consisted of the following:
|  | Estimated |  |  |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Costs |  |  | Amortization |  |  | Net |
Trade names |  | 10 years |  | $ | 297,000 |  |  | $ | (47,067 | ) |  | $ | 249,933 |
Proprietary technology |  | 10 years |  |  | 861,000 |  |  |  | (64,575 | ) |  |  | 796,425 |
Customer relationships |  | 5-15 years |  |  | 4,091,000 |  |  |  | (717,712 | ) |  |  | 3,373,288 |
|  |  |  | $ | 5,249,000 |  |  | $ | (829,354 | ) |  | $ | 4,419,646 |
Amortization expense for the three and nine months ended September 30, 2023 and September 30, 2022, amounted to $127,577 and $382,731, respectively, and $127,577 and $309,273, respectively. The following table represents future amortization expense for intangible assets subject to amortization. Schedule of Amortization Expense for Intangible Assets
For the Twelve Months Ending September 30, |  | Amount |
2024 |  | $ | 510,308 |
2025 |  |  | 499,391 |
2026 |  |  | 391,941 |
2027 |  |  | 326,108 |
2028 |  |  | 314,223 |
Thereafter |  |  | 1,994,944 |
Intangible assets |  | $ | 4,036,915 |

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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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